Mr. Brendan O'Connor:

Yes, there have been problems with mortgage-to-rent but good work has been done recently to try to get pilot schemes to make it work. Since the report was issued on 31 December, three cases have been fully booked; another case is about cash received, which makes four; 27 are at the legal stage, which brings the total to 31; and another 253 are in progress, of which 132 are with housing associations to determine whether they wish to buy the property. Much work was done in the fourth quarter by the housing bodies, banks and others. It is still very complicated to try to simplify it, but the number has increased to 30 in recent months, with another 130 with housing associations to determine whether they wish to buy the house. It has improved but it is still very complex. For it to be more widespread, greater capital values are required and some of the rules about affordability and the various other rules attached would need to be reviewed.