Bridging loan will help improve property market

Friday, 2 December 2016 00:00

Conister Bank has launched a new 'bridging loan' scheme in a bid to boost the local property market.

The interest-only loan is designed to accelerate the house purchasing process.

It's only available to Manx residents and is ideal for residential property owners but can be used for other applications such as moving house, planning refurbishment and buying at auction.

Andy Bass is head of sales - he says it's good for financial providers who can now offer additional products as well as estate agents and clients:

More from Isle of Man Business

Businesses invited to Southern Agricultural Show

Would your business like to be part of one of the Island's biggest annual events?
New gym being launched in historic church

A new gym has offered a sneak peek inside the church where it's setting up shop.
Construction careers fair next month

An event in Braddan next month will showcase opportunities in the Island's construction sector.
Regulator asks businesses for info to fight financial crime

The Gambling Supervision Commission's calling on businesses to give information which helps fight money laundering and terrorist financing.
Chamber of Commerce wants members for election task force

The Island's chamber of Commerce is asking its members to sign up for an election task force to shape government policy.
Bank deposits rose over past year

The amount of money deposited in Island banks has risen over the past year, according to the Financial Service Authority's latest statistics.
Innovation and Investment forum expands to Island

A new innovation and investment network is being launched in the Island.
Conister Bank boosts local charity with record donation

Conister Bank has surprised The Children's Centre by donating a new minivan.