Defective block mortgageability
Deputy Pringle said remediated homes under the defective concrete block scheme should be mortgageable but banks were still refusing clarity. The Tánaiste agreed in principle and said he would ask the Minister for Finance to engage with the banking sector.
Due to the presence of defective blocks many homes across Donegal and the country are deemed to be not mortgageable. It is extremely disappointing the Government has not addressed this in the enhanced defective concrete block grant scheme and it has left families with much uncertainty and insecurity. Homes should be regarded as normal for lending purposes once remediation work has been completed. However, when the redress focus group sought clarification on this from the banking sector, it was told the matter is being looked into and no clarification was given. Families in defective-block homes have been forgotten time and again and they continue to be let down by the Government. The Tánaiste has a chance to change this going forward. Will he liaise with the banking sector on whether the various remediation options will restore mortgageable conditions to the homes affected?
