Mr. Gavin Kelly:

In the initial mortgage interview with the customer, we discuss those options. When it gets to the letter of offer stage, it would be for the product that the customer has chosen. We would have gone through that in detail with them as part of their mortgage interview but not in the letter of offer. That letter of offer would present the total cost of the interest for the product that the customer has selected. They will then discuss that with their solicitor before signing the documentation and before they draw down the mortgage.