Oireachtas Joint and Select Committees

Wednesday, 1 May 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Defective Concrete Blocks: Discussion

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Can I make the point, and this is very real, if I am that person who is going through the scheme at the minute and if I have had to find the €70,000 or €80,000 myself to rebuild my home or do the outer leaf or whatever the part is and the standards change - which they will - I need to know that I can refinance the house or sell it in the future. I need to know that the piece of document that I have which certified that the house was built under the criteria of the day, will be okay as far as the bank is concerned in three of four years' time when somebody is looking for a mortgage. I need to know because the standards are going to change. Everybody is pointing in the direction that what is happening at present is not appropriate. It is a desktop exercise. Engineers do not like it, homeowners do not like it and we all know the direction of travel. That is the question because that is too big a risk for anybody. The point is that Mr. Hayes has made it clear that the guarantee is there. Is the guarantee there, however, if the standard changes for houses that are remediated under the old standard?

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