Mr. Brendan Burgess:

Absolutely. If I hear that Mr. Hall's mortgage is €300,000 and he has bought it out for €200,000, I will stop paying my mortgage and I will try to get the same deal. It is as simple as that. If I hear that Mr. Hall's mortgage has been sold to a vulture fund, I will be very sorry for him. It is perfectly reasonable for the banks not to write off debt for somebody who retains ownership of his or her home. It is absolutely the right thing to do. I will balance that by saying that anybody who loses or surrenders his or her family home should have the shortfall written off.