Mr. Brendan Burgess:

That is the problem and what informs the targets of the banks. Some solution will have to be devised. If, for example, a borrower cannot pay the full repayment, the margin could be increased by 1%, as has been done with regard to portable mortgages. Alternatively, a deal could be done whereby the mortgage could be changed to a standard variable rate mortgage, and a lump of capital could be written off the mortgage in exchange for that.