On Air Manx Radio Breakfast Ben Hartley | 6:00am - 9:00am

Mortgage lenders facing 'significant demand'

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:

More from Isle of Man News