Ms Francesca McDonagh:

We consistently examine our product offering to see if we can offer innovation and longer term mortgages. We recently considered the issue in terms of product innovation. We announce changes when they are made. We considered how such mortgages could be structured, if they were sustainable and in the best interests of our customers and shareholders. On average, our customers maintain a mortgage for approximately 30 years. Longer term mortgages are considered regularly in terms of innovation and product development, particularly as demographics change.