Mr. Niall Cody:

It is fairly straightforward. Somebody applies for the fair deal scheme. The HSE deals with the applications, and if people have property, they can enter into essentially a loan scheme with the HSE.

We are the collection agent for the HSE once the period is finished. The legislation caps the amount of the repayment at 7.5% of the value of the property, capped at a three year maximum.