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:
No proposals for nursing home in west
Families can attend hearings remotely
Code Club receives grant of more than £25k
Manx Care's 'Home First approach' sees high demand