Mr. John Moran:

Yes. The person would begin to make repayments on a mortgage of €200,000, which is still above the value of the house but they will pay more because they bought the house at greater value. The person will continue to pay the maximum amount possible on a sustainable basis. The difference between the €300,000 and the €200,000 in the split mortgage concept, like we have done with the State debt, would get pushed out to a future point where either because of the passage of time, because the other mortgage has finally reached an end or because of an unexpected change of circumstances the person would then be able to repay this part of the mortgage to the bank. It is important that people pay their debts if they are in a position to do so, but they would not be expected to pay this part in their initial monthly payments. Varying views exist as to what should happen with respect to interest roll-up on the amount.