Ms Caroline Timmons:

We were aware of an issue. It is not all banks, but certain queries have been put to the Department so we have started working with the BPFI on it. Our information today is that there is no particular legal issue. This is an administrative issue for the banks to work through. We are working with the banks and the BPFI to put in place a temporary fix if we need to, and over the longer term to solve those administrative issues by putting in place a priorities agreement. That would be similar to what we already have for the first home scheme. We can work with all of that.