Mr. Liam McLoughlin:

Clearly, Bank of Ireland is very keen to support the recovery of the economy. In that context, we have a desire to lend €33 billion to the economy during the next four years. Some €12 billion of that will go into the consumer and mortgage business. We have a €4 billion fund here at present into the mortgage market and almost four out of ten mortgages issued in 2013 were given out by Bank of Ireland.

We have a maximum LTV policy of 90%. The experience in respect of new drawdowns in 2013 was 70%. A total of eight out of ten applications submitted were approved. Our income multiples are arranged on the basis of a number of factors. The range is four and one quarter to four and three quarter times the amount of a customer's income. Again, this depends on whether the person is a first-time buyer or not a first-time buyer. The maximum period of a mortgage for a first-time buyer is 35 years, while the average is 29 years. The latter is based on what we have seen in 2013. The maximum term for someone who is not a first-time buyer is 30 years and the average is 25 years.