Mr. Brendan O'Connor:

Some of those voluntary disposals relate to a solution we have offered where the house is not affordable and cannot under any circumstance be made affordable. I gave an example of this in the pack we supplied to the committee. Where there is a residual debt and where that residual debt is not affordable, we will take a write-down. These are offers and we will take a write-down where the residual debt cannot be paid.