Mr. Ed Sibley:

I absolutely recognise that this is a very sensitive issue, especially with split mortgages where there is a high degree of vulnerability and concern, from the borrowers' and the lenders' perspectives. A lot of work has happened to restructure these loans to make them sustainable. I completely understand why this is a sensitive topic and why people would be concerned in circumstances where they have a split mortgage. There is absolute clarity with the relevant firms about the action required to cure these loans and move them to a performing status - to use a technical description - so they can be treated and classified within the banks' books as performing. I cannot talk about a specific bank. I am aware that Permanent TSB is to have its annual general meeting next week.

I imagine this would be a topic for discussion there and I hope through that process there will be more clarity for these borrowers but it is clear to all firms that it is relevant to what needs to be done to cure these mortgages. Previously, there was concern that it was not possible to cure them but it is possible for these loans to cure and to return to a performing status. Choices have to be made in what is required.