Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I thank Ms Murdock, Mr. Hayes, and Ms Byrne for their answers. They were very clear. If there is certification, they will provide either a mortgage if somebody wants to purchase that house or get a top-up loan or refinance the house or they will insure the house. The standards are going to change. When that happens, will the companies still provide a mortgage for a house that was certified under the old standard?

That is what is going to happen. The standards are going to change. I do not know when it will be applicable but all the science is telling us the standard is changing. When the standards change, can the banks give the guarantee they are giving to homeowners today with regard to remediating their houses? I presume the BPFI's organisations will say the facts have changed and what they once thought was appropriate, even though there is a certification for it, is no longer so as the standard has now changed and it is not at the same standard.