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

In the case of a house in Buncrana, say, where it is an outer leaf remediation option, they will certify that the replacement of the outer leaf is now structurally sound. The question then is whether the bank will allow somebody to come along, let us say Bernard, and purchase that house knowing that the property has not been deemed structurally sound. What has been deemed structurally sound is the outer leaf, and all the science tells us that there are issues with deleterious materials in the inner leaf and the foundations. What people want to hear is, very simply, an answer from BPFI that says the banks will absolutely provide finance on exactly the same terms as everybody else for anybody who wants to buy those homes. Is that the case or not?

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