Country head welcomes introduction of new >1% mortgage
The Country Head of Isle of Man Bank says the majority of its customers will be able to put forward a 40 per cent deposit on a property.
Earlier this month the bank announced its first ever fixed-rate mortgage with an interest rate below one per cent.
Last year, house prices on the Isle of Man averaged at £313,000.
Stuart Chivers says people have had time to 'focus' financially during the pandemic:
Bird flu warning after outbreak in Yorkshire
Cases discovered on farm in East Riding
Sexual Health Centre temporarily closes for move
Will reopen in new location next week
Rising university fees push more Manx students to consider studying locally
UK fees are set to rise by a little under £300, despite Labour's pledge to abolish them
HMRC names Isle of Man firm in tax avoidance scheme
The UK tax office has issued a 'stop notice' as a result
