Mr. Brendan O'Connor:

I do not disagree with some of the Deputy’s comments. There is a cohort of people who welcome assisted voluntary sale. They want to walk away from their homes and to do it with dignity. In agreeing on the residual they can walk away and have an idea of what it is they are walking away from.

Typically, we offer assisted voluntary sale where there is zero affordability, where there is no capacity to service any debt. That is the case in 50% of cases - the family cannot afford to service the mortgage or the house. We try to make it easy but there is no solution beyond that. There is no affordability around which to craft another solution to service the mortgage.