Mr. Patrick Davitt:

We have had plenty of discussions with banks about changing the way they do business as regards loan approvals. That part of this survey is about how people get loan approval to close a sale. We have made representations to the banks. One of the big issues is how long it takes to get the cheque when people go to draw down money. While the banks say they have the money to pay out, other individuals such as the purchasers and people like that, who are getting this money, would say that from time to time, the banks do not have the money to pay the cheques out. We have asked the banks to put a timeframe in place within which these cheques would have to be issued. We have asked that there be a complete timeframe on contracts so that a contract would have to be issued and the sale would have to close within a certain amount of time. However, the banks say it is not their fault as they only give the money and do not do the legals. They say the money is there any time people want it. It goes from Billy to Jack and back to Billy again. It is difficult to figure out what is happening but the people who took part in this survey see the banks as being part of the problem. There is definitely a problem there.