Mr. David Hall:

The key incentive for us and part of our remit from a credibility perspective is that we had a 15 month engagement on the iCare housing model and we were trying to ensure that it was up and running as a significant entity. Phase two for us is to run interference on loan sales with vulture funds. I think it has been positively received. The Minister, Deputy Eoghan Murphy, was exceptionally helpful to us, as was the previous Minister, Deputy Coveney, in the setting up of iCare. To be fair, I could not complain about the Housing Agency or the Department. They were all very helpful in the setting up of iCare. We intend opening up that conversation very quickly now that we are up and running with iCare and the structure is in place. We are also speaking to external funders and internal funders. We met the CEO of one of the banks recently. We will be bidding against vultures for loans.