Mr. Gabriel Makhlouf:

Certainly, when this particular point came up a few months ago, I made it clear I was not comfortable with the idea that someone in receipt of a temporary payment should immediately be considered to be an unreliable borrower. That was too much of a broad brush approach by the banks and I was not comfortable with it.

In the same way we have just heard from Mr. Sibley, I think banks should take a tailored approach, should look at an individual's circumstances, and should think about what exactly is happening to that individual, and both the lender and the borrower should take a long-term view. Purchasing a house and taking out a mortgage is potentially the largest and most important financial transaction and decision that people make, so both the lender and the borrower need to go into it very carefully. It is in the interests of everybody in the community that borrowers and lenders think about their long-term prospects when making those sorts of decisions.