Mr. Stephen Bell:

To answer the Chairman's question directly, there is still some ambiguity regarding what constitutes sustainability.

There is a very clear focus in the mortgage arrears resolution target regime on resolution being achieved by retirement age. We share the Chairman's view that this is not necessarily the right answer. We have been working on a variation of our split mortgage product which would allow customers to defer a portion of the debt to post-retirement, even if that involved deferring it to the point where their estate was brought to liquidation. Our focus is very much that it is completely inappropriate that somebody who can otherwise live in their home in a sensible and affordable way should be forced into the legal process.