Mr. John McCarthy:

From that point of view, if one wants to look at the local authority mortgage arrears situation, one will be looking at the proportion of the local authority mortgage holders who are in significant arrears.

At the end of 2017 there were a total of just under 16,000 local authority mortgages and 3,807 of those were in arrears of over 90 days. That is approximately 24%. That is down from almost 30% at the start of 2015. While the profile has improved there still is a significant proportion of local authority mortgage holders in the more than 90 days arrears category. I am not saying that all of those will be ultimately in unsustainable situations. Clearly, according as household circumstances change and improve that will have an impact, but there certainly is a cohort of people within the 3,800 who are likely to end up in a mortgage-to-rent type situation.