Mr. Brian Gallwey:

We have always seen landlords enter and exit the sector. Throughout this data series since it began in quarter 2 of 2023, we have seen the number of smaller landlords actually increase every quarter except the most recent quarter where we saw a small decline overall in the number of landlords by 1%. That 1% fall is largely in the landlords who have one tenancy. We will always have landlords entering and exiting the sector because of the nature of smaller landlords.