The Gazette 1985

GAZETTE

APRIL 1985

Appointment of Committee to consider Problems of Delays and Expenses Associated with Private House Purchase Transactions Following the Report by An Foras Forbatha entitled Problems of Delays and Expenses Associated with Private House Purchase Transactions Report No. 1 - Building Societies and Legal Requirements - the Minister for the Environment invited the Law Society and the Irish Building Societies Association to nominate represen- tatives to a joint committee which he proposed to establish. The Law Society has nominated:— Ernest B. Farrell and John F. Buckley as its members and the Irish Building Societies Association has nominated Mr. Michael Fingleton and Mr. Frank O'Flynn as its nominees. The Chairman of the Comittee is:— Mr. Sean O'Leary, Principal Officer, Department of the Environment, and the other members of the Committee are:— Mr. John Carroll, Principal Officer, Department of the Environ- ment and Mr. Niall McSweeney, Assistant Principal Officer, Department of Finance. The Minister has asked the Committee to recommend practical measures that will reduce the delays experienced and expenses incurred by house purchasers in the case of first purchase transactions with particular reference to the desirability of; a. facilitating the use of the same solicitor by the purchaser and lending agency and b. reducing or eliminating the need for bridging finance in house purchase transactions. The first meeting of the Committee was held on the 3rd April, 1985. D

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