Mr. Dara Turnbull:

No, I can be very short. It is a different mechanism entirely. In the shared equity scheme, we are not necessarily guaranteeing long-term, systemic affordability because it might be affordable for the first purchaser, but if they then buy out the equity share of the State, the property effectively becomes like any other form of owner-occupier housing and the affordability mechanism is lost. Under the Finnish scheme I mentioned, the affordability is built-in in perpetuity. There is never the option to buy the land or the part of the value not owned by the occupier, which remains in public ownership in perpetuity and actually generates useful revenues for local authorities.