Dr. Donal McManus:

Mortgages under the CAS, for example, are mortgages where the contract is between the approved housing body and local authorities. Where there is a mortgage in place for 20 years, initially with the capital assistance scheme, there are certain requirements the local authority housing has with the approved housing body for 20 years. Some of those have come out of mortgage. Where they have come out of mortgage with the local authority, the housing associations continue to provide the rental housing to the people on the waiting list. By and large there has been no change for those organisations in terms of their raison d'être. It is also because they are charities. They are not in the business of selling off properties to make gain. Their social mission is to provide social rented housing.