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Dáil Éireann díospóireacht -
Thursday, 21 Apr 1983

Vol. 341 No. 8

Written Answers . - Bridging Finance .

584.

asked the Minister for the Environment the steps he is taking to eliminate the necessity for first time house purchasers to seek bridging finance.

: In response to a request from my Department, An Foras Forbartha have undertaken a study in stages of the general problems associated with the sale and purchase of houses with a view to eliminating undue delays and needless expense and so minimising the need for bridging finance. The report on the first stage of the study, which is entitled Report Number 1 — Building Societies and Legal Requirements, is expected to be published shortly. On publication of the report, I will be asking the societies for their proposals in relation to the recommendations and I will also examine the extent to which the recommendations can appropriately be adopted by other lending agencies.

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