The accelerating fall in Sinn Féin support

Irrelevant,the banks will need to follow procedure,so if I want to build a house on my brothers land,not owning the site will I get a mortgage for it ?

To be honest,they've probably calculated that they will never have to,they certainly won't be doing the latter if they don't do the former will they

This is not a new thing, what you are in about is a different matter.

Vast swathes of Cork and Dublin had houses built in them were the land was not owned by the house owner or developer.

You didn't answer my question and tellingly neither have the banks yet for SF have they ?

The build number needed has no relation to who owns them. Someone is living in every house. This is a question of whether we want to bias their use to home owners? We probably need between 50 and 60K/year, to balance supply with demand. Not sure how big a problem there is, outside of the major cities? In the last 2/3 years their is a boom in the number being built in towns and villages. The only problem, is the price of them.

Will I get a mortgage on a site where my bother wont sell me the land

In other words No,do you see the problem now with the SF plan ?

Suppose if a developer offered to build houses on land without paying the €40k per site to the owner, so he just gets pays or his construction costs. The owner has a future stake in the house. Would the bank issue a mortgage on this joint ownership? Could the land owner exclude the unpaid for site as security on the mortgage? I doubt the bank would agree. They'd want a clear joint tenancy on the registration, with percentage ownership from the outset, and in the event of a default, or price collapse or negative equity, the landowner, and householder lose out. So who's going to agree to a deferred payment for a site? Who's going to approve a mortgage unless the site is part of the equity. A deferred contract of sale of the to the householder in 25 years leaves the landowner liable for CGT immediately, not when he cashes in. Its all Sinnfenomics, make it up as you go along. Property and house transactions are the way they are for a reason. They work. Market forces and prices have nothing to do with the rules of ownership, equity and liability. Something dreamt up in a pub in Drumcondra is not going to trump hundreds of years of legal evolution.

It would be but it's talking out your hole to be blunt. .

The house im currently in was bought with a mortgage and the land in someone elses title.

You are making it out like this is something that is unfamiliar to banks.

Not being able to repossess them in the event of a default increases the risk to the bank. The bank can derisk by only offering mortgages at 2.5xincome instead of 4xincome. The scheme would be dead in the water.

I didn't miss the irony, but even if the bank currently has a high risk of not being able to repossess, the SF Scheme increases that risk even further.

The point I make is that increased risk is increased risk, no matter how high or low current risk is. That affects bank pricing.

Get their own house in order before they can think of ordering Sinn Fein houses for the masses. They even proposed a state run building department to construct them. That would be the OPW/co. Councils. Let's see, ignoring the bike shed and security hut, they spent ,€440,000 per 'house' for prefab garden rooms, tiny drop in structures, when you'd expect a full sized 4 bed proper home in Mahon for this. 3 beds there sell for €200k . I reckon Sinn Feins social building department would run to a €Million per unit if the Ukrainian sheds at €440,000 are anything to go by. Never let government get involved in building homes, just buy off the market.

3 bed terrace house in Mahon, €200k.

2 bed Garden prefab in Mahon, €440k.

I know which market model I'd prefer.

I haven't seen a Government press release about it, only reports in the newspapers, and here of course. Could you post a link to the Government statements on this.