Bridging loan will help improve property market

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: