Mr. David Duffy:

To be honest, we were expecting the trend on buy-to-let properties to increase faster because people will prioritise everything else. Where there is an investment property as opposed to a home there are likely to be more arrears in that category and, therefore, it rose. Whatever about its origination – I see and understand the sentiment of the committee - probably we see this flattening out and plateauing this year and buy-to-let properties will naturally have a higher arrears rate than principal homes.