Certificates of reasonable value requirements
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
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?