For the purposes of the Central Bank residential mortgage lending rules, a first time buyer is defined as a borrower to whom no housing loan has ever before been advanced. Where the borrower under a housing loan is more than one person and one or more of those persons has previously been advanced a housing loan, none of those persons is a first-time buyer. However, the Central Bank also introduced proportionate limits in their mortgage lending rules specifically to allow flexibility by lenders when assessing individual cases, such as may be the case in instances referred to in the Deputy’s question. The proportionate limits mean that lenders are able to make decisions based on the borrower’s circumstances up to a specific limit. Nevertheless, lenders will still be required to assess the borrower’s affordability and lend prudently on a case by case basis, in line with the requirements of the Consumer Protection Code and other relevant regulations.