Mr. Jeremy Masding:

Yes and I was very taken with what Mr. Ryan said about Pepper's desire to keep people out of repossession. That is why Permanent TSB is the "market leader" in split mortgages because the alternative is repossession and, therefore, some of the warehouses are quite long. To reiterate the point made by Mr. Ryan, the vast majority of these warehouses are on a ten-year plus horizon, which gave Permanent TSB, and now gives Pepper, time to work with customers to find the right solution.

In the spirit of being transparent, I must put it on the record that those capital sums are due. They are part of the borrowing contract with Permanent TSB and they are due. The benefit of a split mortgage having a long duration is that it allows the lender to work with customers to try to find a way through.