Construction NewsConstruction Directory Liffey Distributors Limited
CPAT E E Ingleton Engineering Ltd JAC – t/a  JOSEPH A. CLANCY LIMITED Contech Building Products Limited Harold Engineering Ltd Air Pump & Tool Ltd D.S. HAMMERS Ltd Electric Gate Systems LTD Core Air Conditioning Limited In-House at the Panelling Centre BMP Paving Design Specialists PD Plumbing Supplies Wallace Fencing The Home Solution Shop BATHROOMSCENTRE.ie Cabra Agri Services

Irish Industry 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.

- - - - - - Advertisement - - - - - -
Cabra Agri

"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)
Bookmark and Share

Top Stories
31/10/2014
AIB Cuts Mortgage Rates
31/10/2014
Kilsaran Acquires Cemex
31/10/2014
Comer Brothers Invest €1.5bn On 3,000 Homes
31/10/2014
Building Energy Ratings Continue To Improve
31/10/2014
Sinn Féin TDs Urge Protest Over Water Charges
31/10/2014
Kingspan In Coventry Eco Fit-Out
30/10/2014
Graham Scoops H&S Award
30/10/2014
New RSA Chief Appointed
30/10/2014
Over 100,000 Expected To Attend Right2Water Campaigns
30/10/2014
Contractor Damages Underground Electricity Cable In Portadown
Construction News Archive
Submit News Story
Editorial Staff
home
UK Construction Industry News
AIB Cuts Mortgage Rates
Kilsaran Acquires Cemex
Comer Brothers Invest €1.5bn On 3,000 Homes
Building Energy Ratings Continue To Improve
Sinn Féin TDs Urge Protest Over Water Charges
Kingspan In Coventry Eco Fit-Out
Graham Scoops H&S Award
New RSA Chief Appointed
Over 100,000 Expected To Attend Right2Water Campaigns
Contractor Damages Underground Electricity Cable In Portadown
NIFHA Develops New Protocol
Fold Launches New Corporate Film
Subscribe to email news

national News
Motorcyclist Killed In Multi-Vehicle Crash
Man Fined Over Ebola Hoax Scare
€800m Loan For SME Businesses Announced
Michael D. Higgins Begins Africa Visit
Met Éireann Issues Rain Warning
Sinn Féin Calls For Water Charges Protest Support
Cork City Passes Anti-Fluoride Motion
100 Jobs Announced For Athlone
Appeal Following Carjacking In Longford
ISPCA Issues Halloween Safety Warning
€13.5m Funding Into Health Research
Flanagan Meets With US Senator Ahead Of N.I. Talks
Irish Business Activity Improves
Other News In Brief
Construction News Archive
download the Construction app from the app store
Keystone Ireland Online Paper
Macrete Ireland Ltd Tradecraft ACRA ARD Architects Interior Integration Solutions Ltd McDonoghs Trade Home & DIY Stira Folding Attic Stairs Lloyd Acoustics Ltd Artificial Grass Company Enviroform Solutions Tradecraft Ace Contracts Store Vision Ltd Trackweld Limited Green Energy Technology Ltd Hanlon Concrete Products
McMahon Your Building Partner
Flagship Media Group Ltd
Unit C3, 6 Westbank Drive, Belfast,
BT3 9LA, Northern Ireland
Tel (+44) 28 9031 9008
Contact : Click here
Website Terms and Conditions

keycons003 / keycons003x44 01/11/2014 00:53:15 / A1 / B7 / 1.611328E-02, 54.198.42.105 / BOT1

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.