Seanad debates

Wednesday, 1 July 2009

3:00 pm

Photo of Paul BradfordPaul Bradford (Fine Gael)

Will the Minister clarify the status of second homes following the enactment of the NAMA legislation? I know that legislation will not come to the House for some time but it I presume it will result in NAMA owing a significant number of finished, unfinished or partially finished housing estates, some of which may be let to third parties. If NAMA, as a corporate body, has ownership of such properties, will it come within the remit of the legislation? Will the legislation extend to banks which have repossessed houses? What will be the status of a financial institution which, having repossessed a house, enters into an arrangement to allow a family to remain in a house as tenants or tenant purchasers? Will such a bank be liable for the €200 charge?

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