Mr. Ger Mitchell:

The affordability relative to income that we are seeing on mortgages at present is approximately 20%. Again, back in the early 2000s, that would have been 35% and 40%. Consequently, we are adopting a much more prudential approach to lending. Affordability, cash flow and the surplus of income over expenditure is at the heart of everything that we do. In line with the mortgage directive, all our applicants are assessed both on their incomes and on their living expenses, other debt commitments and the long-term sustainability of the arrangement.