Director says it's having 'knock-on effect' on house buying process
There is currently 'significant demand' facing mortgage lenders on the Isle of Man.
That's according to one senior figure in the industry, who also believes changes to the system are required, particularly for first-time buyers.
Paul Chase is the Managing Director of Financial Options and Chase Wealth Solutions.
He adds the pressures facing lenders are also affecting other areas of the house purchasing process:
Airline which services the Island announces further 700,000 seat cuts over winter
EasyJet scaling back on two days worth of flying to save on fuel for 'busier periods'
Man spared jail after £46,000 phone thefts
He told devices from his employer and sold them online
The Wing recommended for approval
The application seeks permission for an LED advertising board
Manx Radio's speech output falls below that required by licence agreement
CURA carries out monitoring review of public service broadcaster