Mr. Jim O'Keeffe:

I think very shortly after we were last before the committee we announced an enhanced mortgage-to-rent scheme with Mr. David Hall of iCare which was embracing the changes made to the overall mortgage-to-rent scheme. As members know, while the mortgage-to-rent scheme is of noble intent, it had not delivered in a lot of cases over a five-year period. In fact, at the point when we launched the scheme with Mr. Hall, a total of 260 cases had been completed over a five-year period. The level of progress has been good. For AIB, at this point we have completed a financial questionnaire in 325 cases, about 50 of which have been identified as suitable for the scheme, while 50 others will be suitable for other forbearance solutions. We are working through the remainder. I also understand iCare has a number of cases outside AIB in which people are coming to it. The pipeline of customers looks very good. We have had very extensive engagement in recent weeks with our customers in the legal process to encourage customers to come forward to see whether this solution would be appropriate for them and the response has been positive.