Professor Patrick Honohan:

It is correct, and that would be an ideal situation. However, we are not limiting it either. As the Chairman stated in the context of the Keane report and other ideas which have emerged, all possibilities must be explored. What we have been trying to do in establishing sustainable solutions is create situations in which borrowers know where they are going to stand and know that they are not going to fall into some terrible hole in one, two or three years' time. In the context of what the Chairman is saying, it would be ideal if a solution could be found that was affordable for a borrower and that at the end of the arrangement the property would be wholly owned by that borrower. However, that will not always be the case.