Mr. John O'Beirne:

Regarding the other eight homes, we still have one in possession. One is a mortgage-to-rent case, where the family still resides in the property but it is in the mortgage-to-rent scheme, and six were sold via a consensual sale with the customer. I return to the compensation question asked previously. On top of the compensation structure we set out in the questionnaire returned to the committee, it is important to highlight that where it has been deemed there is direct causation for the loss of any customer's home, and while we know that money alone will not be an answer for the suffering of those families, what we have also done within that compensation structure is to ensure that any residual debt that would have been left from the sale of the home is written off in full. Any payments towards that residual debt made by the customer after the sale of the property will be returned. There will be a minimum of €50,000 in compensation. If there has been any gain in value of the property since the date it was sold, given the rising property market at the moment, the differential will also be given back to the customer. Similarly, we will also look to calculate a future value they would have had from the tracker mortgage that was removed from them versus the value of the standard variable rate. That is an additional payment to the customer. If possible, and if that the customer wishes to, we will return him or her to a tracker rate in purchasing a new home. In the case of the mortgage-to-rent scheme, if they wish, we will see if we can re-purchase it from the housing body.