Mr. Stephen Bell:

Yes. We are also considering what we can offer to customers who are not in arrears to address their problems. Throughout, we have stated that the way we handle the mortgage arrears issue must be consistent with how we are trying to manage the mortgage market on a forward basis. We are considering products we might be able to offer to customers who are up to date that might make their lives easier. As Mr. Ryan mentioned, we are considering options such as negative equity porting and so on.

The products we described in response to the Chairman’s question are meant for longer-term solutions where a deferred element of the debt might go beyond retirement age so that we do not create a sustainability crisis for a customer who otherwise can afford to stay in his or her home but in respect of whom we are forced to take certain actions because of an arbitrary decision about retirement ages.