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Isle of Man Bank mortgages

Isle of Man Bank says it's trimmed its mortgage rates and is offering cashback deals to help those struggling to afford a home.

The bank says there's £1,000 cash back to Gold Account customers who take out an owner-occupied mortgage.

There's also some good news for first time buyers, with two or five year fixed mortgage rates.

The bank says customers need a ten per cent deposit and can borrow up to £250,000.

Senior bank manager Deniese Smith says the local mortgage market has been under considerable pressure over the past two years but Isle of Man Bank hopes to attract more buyers.

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