More Competition Needed in Kildare Mortgage Market

Credit Unions have the potential to offer badly needed competition in the mortgage market but that rules on lending restrictions will have to change to allow this to happen.

Credit Unions are operating in a difficult trading environment at the moment with a collapse in investment returns, onerous regulation and insufficient lending activity. A small number of Credit Unions are offering mortgages but they are severely constrained by the lending restrictions which allow a Credit Union to lend a maximum of 10% of its loan book over a period of greater than ten years. Continue Reading →

New “rent pressure zones” for County Kildare

imageWhen this scheme was first proposed in December Fianna Fáil were supportive in theory however we did feel it was essential the Greater Dublin area and other urban zones should be covered. In particular I advocated strongly for Kildare North given the massive housing and rental crisis the constituency faces” said Deputy Lawless.

I am pleased that the pressure has led to these towns now being included as Naas, Sallins, Celbridge and Leixlip are all now certainly experiencing serious rental pressures – all major commuter towns also. Continue Reading →

Maiden Speech on Housing in 32nd Dáil

I gave my “maiden speech” in the Dáil last week, in what was the second day of sitting of the 32nd Dáil. My first speech was a contribution to the debate on Housing and Homelessness.


In summary the points I raised are as follows;
-Need for a restart of social housing building programme(currently 19,000 individuals on Kildare housing list).
-Review of rent allowance to combat the rising rental costs.
-Review of the Central Bank Mortgage deposit rules.
-Derelict sites refurbished and brought back into circulation.
-Rates initiative for living above shops (to bring more buildings into use for accommodation and knock on positive affects for our main streets).
-Account of consistent rental payments given more credibility when looking for a deposit for a home.

The full text of my speech is below:
Continue Reading →