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:

Assisted Dying Bill mover pleased as Jersey becomes first place in British Isles to legalise assisted deaths
Public warned of increased risk of wildfires
Alfred Cannan to stand in General Election
Charity hosts stroke awareness event in Peel