Mr. Patrick Davitt:

That is what I mean. At the start of the recession, the scheme was put forward by many builders on the basis that people would buy a property having rented it for so many years. There was an agreed rent for the time. What many people found was that the price of the property went down during the term they were renting it. At that time, when the three or four years moved on, they could buy properties cheaper than they had agreed to buy one at in the rent-to-buy scheme. That is what they did. Even though some people were tied into contracts, they could not and did not complete them. They bought other, cheaper properties.