Construction NewsConstruction Directory Ecocel
BATHROOMSCENTRE.ie Cabra Agri Services Macrete Ireland Ltd SignLynx ACRA Powrmatic (Ireland) Limited Interior Integration Solutions Ltd McDonoghs Trade Home & DIY Stira Folding Attic Stairs Camfil Ireland Artificial Grass Company Enviroform Solutions Tradecraft Ace Contracts Store Vision Ltd Trackweld Limited

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 - - - - - -
Heskins Ltd

"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
29/05/2015
New Student Accommodation To Be Developed
29/05/2015
€91m Housing Investment Welcomed
29/05/2015
Work Starts On Crossmaglen Resurfacing Scheme
29/05/2015
Using Renewable Energy Resources Could Boost Ireland's GDP - SEAI
29/05/2015
Over 600 Construction Jobs To Be Created During Facilities Expansion In Cork
29/05/2015
Dates Announced For The National Construction Summit 2015
28/05/2015
Monaghan Firm Signs Deal With Vayu Energy
28/05/2015
Construction Work Begins On Two Schools In L'Derry
28/05/2015
Minister Launches Comber Masterplan
28/05/2015
Refurb Work Starts On Primary School In Carrickfergus
Construction News Archive
Submit News Story
Editorial Staff
home
UK Construction Industry News
New Student Accommodation To Be Developed
€91m Housing Investment Welcomed
Work Starts On Crossmaglen Resurfacing Scheme
Using Renewable Energy Resources Could Boost Ireland's GDP - SEAI
Over 600 Construction Jobs To Be Created During Facilities Expansion In Cork
Dates Announced For The National Construction Summit 2015
Monaghan Firm Signs Deal With Vayu Energy
Construction Work Begins On Two Schools In L'Derry
Minister Launches Comber Masterplan
Refurb Work Starts On Primary School In Carrickfergus
SALIIS Renewables Completes Ireland's Largest Solar PV System
Concerns Raised Over Conditions Of South Armagh Roads
Subscribe to email news

national News
Marriage Equality Bill To Be Enacted Before Summer Recess
Fianna Fail Call For Dáil To Be Recalled Next Week
Sinn Féin Call On Govt To Address 'Serious Concerns' Over Siteserv Controversy
Over 600 Construction Jobs To Be Created In Cork
€2bn Rural Development Programme Secured
Funeral Held For Bill O'Herlihy
Garda Urge Residents To Take Home Security Checklist Challenge
Truck Fire Causes Major Delays On M6
NI Sex Buyer Laws Will Make Southern Border More Attractive For Pimps
Man Killed In Dublin Shooting Incident
Marsh & McLennan Centre Opens In Dublin
€91m To Be Invested In Housing
SF Hits Out At FF Over Sale Of Aer Lingus
Other News In Brief
Construction News Archive
download the Construction app from the app store
Keystone Ireland Online Paper
Green Energy Technology Ltd Hanlon Concrete Products CPAT Pat Walsh Stone Ltd - Marble Care Services 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 Rapierstar Ltd BMP Paving Design Specialists Tonagh Engineering Ltd Wallace Fencing The Home Solution Shop
Fernhill Stone
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 / keycons003x22 30/05/2015 21:11:50 / A1 / B8 / 0, 54.158.165.135 / 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.