Construction Ireland Logo For Mobile
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
01/05/2013

SF Oppose Land And Conveyancing Law Reform Bill

Sinn Féin Justice Spokesperson Pádraig Mac Lochlainn has confirmed that his party will be opposing the Land and Conveyancing Law Reform (Amendment) Bill.

He said that the Bill will remove a current loophole, making it easier for banks to repossess the family home and that this is "simply wrong".

He said: "One in four households are in mortgage distress. The Code of Conduct on mortgage arrears is skewed against the mortgage holder, and there are huge issues around the personal insolvency system about to commence. It is not responsible to proceed with this legislation before these issues are addressed.


"This bill makes it easier for the banks to repossess the homes of those in mortgage arrears. Instead of reigning in the banks, this bill makes it easier for them to seek repossession orders. With over 180,000 households in mortgage distress the effects of this bill could be devastating.

"What we are seeing here is the government moving to help the banks yet again. They were central to the creation of this crisis. Despite this, our people were forced to bail them out with devastating consequences. Now we are being asked to give them a dig out again at the expense of mortgage holders in distress.

"Sinn Féin believes there is a fairer way. We would work hard to protect the family home and establish an independent body to force banks into reasonable arrangements. We have positive alternative solutions and will put them forward in our amendments to this bill."

(CD)

Latest Construction News

27/09/2016

Fianna Fáil is urging the Central Bank to amend the mortgage deposit rules as the current regulations are having a "negative effect" on the ability of buyers. Finance Spokesperson, Michael McGrath TD was speaking after the Deputy Governor of the Central Bank of Ireland, Sharon Doherty, suggested th
27/09/2016

Sinn Féin is calling for water charges in Ireland to be scrapped "once and for all". The party made the call before it launches a motion to abolish the charges before the Dáil on Wednesday, 28 September. TD for Meath West and Chairperson of the Meath Right2Water campaign, Peadar Tóibín, is also se
27/09/2016

Redevelopment work on the United Fish Industries (UFI) fishmeal plant in Killybegs, Donegal, is now complete. Minister for Agriculture, Food and the Marine Michael Creed TD officially opened the new building on Monday, 26 September. He said: "This is a very significant investment by the company an
27/09/2016

The Limerick to Cork motorway urgently needs to be upgraded, according to Sinn Féin. At a recent meeting, the Minister for Jobs, Enterprise and Innovation, Mary Mitchell O'Connor, confirmed she would be contacting the local councils to make sure the road was given "priority". However, Sinn Féin sp
27/09/2016

The Non Domestic Renewable Heat Incentive (RHI) Scheme in Northern Ireland has been slammed by Sinn Féin. MLA Declan Kearney said the Comptroller and Auditor General's report into the scheme has revealed "serious concerns". Mr Kearney said: "It is clear the scheme has had very serious systemic wea
27/09/2016

A new heritage development has officially opened in Co Fermanagh. The Fermanagh Heritage Gateway is located at Enniskillen Castle and has been spearheaded by Fermanagh and Omagh District Council. The development has been undertaken over the past 18 months, with contributions from the Historic Envi
27/09/2016

Skerries Tidy Towns group in Dublin has scooped the Irish Water National Value Water Award. The group received the accolade at the Tidy Towns Awards ceremony held at the Helix in Dublin City University (DCU). Skerries also won Ireland's Tidiest Town. The Awards recognise communities that are red
27/09/2016

A new blueprint to protect and improve the Lough Neagh shoreline, the largest lake in the British isles, has been launched. The blueprint sets out how government, landowners, farmers and other stakeholders can co-operate to protect and enhance the area. Agricultural Minister Michelle McIlveen said
27/09/2016

A man from Enniskillen, Co Fermanagh, has been sentenced after pleading guilty to four waste offences. Stephen Harron was given a 12-month prison sentence, suspended for two years, for each of the four charges which related to the illegal deposit and keeping of controlled waste on a site on Arney R
27/09/2016

The Government has been called to support a mixed tenure development in Santry, Dublin. Sinn Féin is seeking between 600 to 700 homes to be developed on the Oscar Traynor Lands. Councillor for Santry Noeleen Reilly recently met with the Lorcan Residents Association and Dublin City Council to discu
Irish Fencing ServicesGeneral Hardware Supplies LtdAuswood JoineryDatum Monitoring IrelandEnviroform SolutionsCamfil IrelandHyland Sports Surfaces LimitedFernhill StoneLED LUX LIGHTINGConstruction Information Services
Terms and Conditions