Mr. John Moran:

I am wary of giving a single solution but it would be helpful to give an illustration as to what might happen. Somebody may have bought a house with a mortgage of €300,000 and due to changing circumstances that person may now be able to afford a mortgage of only €200,000 while the value of the property may have dropped to €150,000. In this scenario, concepts such as the split mortgage, which we have suggested, would have perfect application.