Paddy Burke (Fine Gael) | Oireachtas source

A number of solicitors and auctioneers have contacted me about trying to get loan facilities in order to close the sale of properties. They say it is nearly impossible with all the regulation and red tape. Does the bank find that is the case? There are so many obstacles in place. They need proof of funds and articles of association if a company is buying the property. The red tape is very frustrating. It takes so long to close a sale that it is having a huge impact on their businesses in terms of manpower, cost and the length of time to get sales over the line.