Mr. Richie Boucher:

Our primary focus is income capacity and potential when assessing mortgages. We recognise that this is a difficult area and we are concerned that if people cannot obtain finance from a mortgage they will seek other sources of expensive, short-term finance. This has been a feature of the market in the past. If we make a proposal we like it to be carefully considered and supported. Income potential is our primary consideration. By definition, first-time buyers are starting out in life and have less ability to amass cash.