Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

As this resolution process evolves - the target figure will move to 35% in October, 50% at the end of the year and we hope to 100% next year - the modelling of solutions will evolve alongside it and the financial climate will change also. I put it to Mr. Boucher, on the basis that Bank of Ireland deals with customers on a case by case basis and given that the bank is taking a different approach to split mortgages from some of the other financial institutions, that there is a case for looking at the split mortgage differently in the case of someone who is on a tracker mortgage with a very low interest rate and someone who is on a variable rate mortgage. There is quite a big difference between the repayments in each of these situations. If the bank continues to take a one-size-fits-all approach to split mortgages, without discriminating between those on variable rates and those on tracker rates, it will mean that people who have the same problem will be offered two entirely different solutions.