John Cummins (Fine Gael) | Oireachtas source

To tease things out a little bit more, I have a question for Mr. Davitt. Let us say I came into an estate agent and said I wanted to buy a property that was on the market for €350,000 and that I had mortgage approval in principle. Many people can get approval in principle; the difficulty comes with the final part. Let us say I put in a bid of €350,000 on that property and that I then encountered difficulties subsequent to making that bid. How quickly does the estate agent determine that I cannot ultimately come up with the €350,000? I know it is different for every person but how long would that take in a typical case? It does happen. It happens to estate agents. I know many of the IPAV's members.