Mr. Brendan Burgess:

That is a very important point. The husband and wife are jointly and severally liable for the mortgage. Mr. Maguire’s solution is fine to a point. If I go bankrupt and my wife owns the entire mortgage, nothing is written off in terms of that mortgage. If we jointly own a house worth €100,000 with a €300,000 mortgage and I go bankrupt, she will then have a house worth €100,000 and a €300,000 mortgage.