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

Photo of Pearse DohertyPearse 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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