Professor Patrick Honohan:

I will. Some mortgages will be affected. For example, there were approximately 10,000 mortgages given out in 2013. I am speaking from memory and hope I am correct. Approximately 2,800 were for first-time buyers and the relevant percentage was in excess of 80%. If we followed the exact template set out, making reference to 15% of the value mortgages, we could have 1,500 instead of 2,800. In addition, a small number of movers - mortgages - were in excess of 80%.