Oireachtas Joint and Select Committees
Wednesday, 9 October 2024
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Engagement with the Central Bank of Ireland
1:30 pm
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
There are two parts to this. The Bank of Ireland has had extensive engagement on mortgageability with people rebuilding their houses through the scheme. These are not the people I am talking about. I am referring to people who will not get on the scheme because they do not meet the criteria. The banks are saying that if there is mica content, which is the wrong measurement to use, and if that content is above 5%, they will not provide a mortgage.
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