Mortgage deposits
Senator MacSharry supports opposition to the proposed 20% deposit requirement, calling it unsuitable for a healthy housing market.
I support my colleague on the mortgage issue. The suggestion of a 20% deposit is certainly not fit for purpose. It is a reaction that shows an extraordinary lack of knowledge and ineptitude in the context of trying to nurture a market that is healthy and not overheating but that facilitates normal trade where people can buy and sell houses in the normal way. Naturally, in order that there is no misunderstanding, being involved in that sector, I have an interest to declare in that regard.
Notwithstanding the fact that the Minister for Health will be here later in the afternoon, I seek a specific debate on the nursing home sector. The leaked HIQA report shows that the authority suggests the level of non-compliance requires an investment of €300 million. As I stated, this is a leaked report, but it is worrying when one considers that the HSE is making available only €7.3 million to facilitate the necessary upgrades in that sector. This puts under threat 7,000 residents throughout the country in nursing homes. As we are all aware from our constituencies, there is a waiting list of 2,000 persons for these nursing home beds under the scheme. A debate is needed urgently. There is no Government plan, with a stated budget of €7.3 million, with the investment necessary, according to HIQA, only to remain safe, being €300 million. It is far too important an issue to bury in a broader debate on budgeting within the health service, an issue on which we will be able to touch in the afternoon. It requires a specific debate.