Dr. Conor O'Toole:

We should not bring in a product that brings back 100% LTV financing. The market potential framework the Central Bank has instituted over a number of years protects banks and borrowers and gives more resilience in the system. We should not compromise that by extending looser credit conditions.

The other issue raised by the Deputy, regarding how young households can accumulate savings sufficiently to build up a deposit, is a really tricky one. While we have not done specific work on that area, it is a major challenge for many households. Banks trying to make a credit assessment on their lending decisions can see those payments going out, and that can be a factor. Certainly, I do not think a 100% mortgage------