Michael McGrath (Cork South Central, Fianna Fail)
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That is 105 plus the ECB rate. My final question is in the context of the Central Bank's proposed minimum mortgage deposit, which may or may not happen.

Could I ask the bank what impact the introduction of non-recourse lending would have in Ireland? Would it have an impact on interest rates and the bank's disposition towards risk? It strikes me that if people are being required to stump up a deposit of 20%, there should also be a commitment on the part of the bank that the borrower's liability would end with the property.