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17/08/2017

FF Hits Out Over Proposed Changes To Pyrite Remediation Scheme

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The proposed changes to the Pyrite Remediation Scheme in Ireland will fail to support hundreds of families in Fingal, according to Fianna Fail.

TD Darragh O'Brien has called for the whole issue of Pyrite to be revised.

The new revised version of the Irish standard has proposed changes in standards to category B, where pyrite is present but has not resulted in "significant levels" damage.

Deputy O'Brien said: "It has never been more apparent that the whole issue of pyrite should be revised to overhaul a remediation scheme that is wholly unfit for purpose and continuing to leave thousands behind.

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"There are an estimated 72,000 homeowners nationwide affected by pyrite. Too many of these are finding it increasingly difficult or impossible to sell their pyrite infected properties due to the reluctance of banks to issue mortgages to prospective buyers.

"It was hoped that as a part of the report, these long over-due changes to standards for pyrite affected property would provide home owners and buyers more certainty.

"Sadly, unless the property industry and other key stakeholders such as the banks, insurance companies fully cooperate then these changes cannot have a significant impact.

"Owning a home with pyrite puts huge pressure on families and causes stress for so many. In fact, it affects every aspect of a homeowner's life. These families do not know if they will ever be adequately supported to remedy a situation that has been taken entirely out of their hands."

(CD/LM)

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