Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

But at the time the affordability rate of entry into the market for first-time buyers required Government intervention through the affordable housing programmes, and in parts of the country we were seeing subsidised entry at in and around €250,000 in urban areas, probably more in Dublin. So, at this time we had a mixture of 100% LTVs, tracker rates, mortgage schedules going from 20 years out to 40 years, as you said this morning, and lending ratios increasing severalfold, and we had to have State intervention to get people into the market because of earnings levels at the national industrial rate. Did anybody in Ulster Bank say that there's a problem here?