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Dáil
‹ Ceisteanna—Questions. Oral Answers. - Certificates of Reasonable Value.

Certificates of reasonable value requirements

Summary

The Minister said lenders and grant schemes require CRVs for relevant purchases and public-sale houses, while self-builders on their own plots are exempt. He did not fully answer whether all open-market houses comply, and the Ceann Comhairle urged orderly questioning.

asked the Minister for the Environment the present position with regard to certificates of reasonable value and if he will make a statement on the matter.

Comment on this

At present, building societies, banks, assurance companies and local authorities are all implementing the Government decision that CRVs be required for all loans for the purchase of new houses and flats. They are also a requirement of new house grants and of exemption from stamp duty in the case of grant type houses.

Comment on this

Is it the case now that all houses being built have certificates of reasonable value?

Comment on this

No. If a person is building his own house on his own plot he has a certificate of exemption.

Comment on this

How about houses for public sale?

Comment on this

A CRV is necessary.

Comment on this

Are there certificates of reasonable value for all new houses being sold on the open market?

Comment on this

The lending agencies are implementing what was required of them. They are looking for CRVs before a loan is made available and grant-aided houses also require CRVs.

Comment on this

That includes builders about whom we had previous discussions, members of the Minister's own party? Are such builders now getting CRVs where heretofore they disregarded such a necessity?

Comment on this

We will never be able to satisfy——

Comment on this
Joseph Brennan An Ceann Comhairle Fianna Fáil

I must discourage the system where a Deputy gets on his feet and stays there asking a series of questions while the Minister is still on his feet. We must bring back some semblance of decorum.

Comment on this

I am discouraged.

4.

Comment on this