The chief executive of DoLGE says government is doing what it can to help people get on the housing ladder.
Earlier this week a leading Manx estate agent said the current economic downturn meant first-time buyers were being asked to provide anything up to 20% of the value of a home as a deposit.
That would equate to ?30,000 for a ?150,000 property, at a time when banks are less keen to provide loans.
Ken Kinrade (pictured) can understand the position banking institutions are taking, but believes money is available, and the situation may not be as bleak as some people are suggesting:
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