Ms Derville Rowland:

This is a concern about people who are worried about paying their mortgages and who might have been obliged to undertake a negotiated restructured repayment arrangement. We are clear that where somebody has agreed an alternative repayment arrangement and if the mortgage is sold, the equal protections of the regulatory framework apply regardless of who the loan owner is. Whether it is a bank or non-bank, we would expect that the performing alternative repayment arrangement that has been agreed and is being paid continues and nothing changes.

The Deputy also highlighted an important point, which is a time, and these are all written, to have a review period. People will be worried about that-----