Mr. John O'Beirne:

In terms of buy-to-let investment properties where they are not part of the code of conduct on mortgage arrears, CCMA, the bank does when approached by a customer look for a long-term, sustainable solution. Typically it arises because the rent was too low versus the cost of the mortgage or it was moving from interest-only to capital and interest payments. Typically it would be requested that the mortgage be extended out over a longer period of time. As part of that restructuring, to ensure there is long-term sustainability, the process and product applied by the bank was to move it onto a buy-to-let plus 1% rate, which is a tracker variable rate plus 1%. We found there are a number of customers who have that. We have engaged with different parties on it over the years and anything we brought through in that way would have been in keeping with the regulation.