Dr. Gabriel Brennan:

To tie up some of the issues raised by Deputy Ferris on the benefits to the consumer, some major benefits to the consumer are with regard to the timely transfer of funds. To get these benefits in the initial phase it is critical that our colleagues in the lending community are on board with the project. The Law Society has done a cost-benefit analysis for individual solicitors and also analysed what the benefits to clients would be. The funds and closing are key aspects.