Michael McGrath (Cork South Central, Fianna Fail)
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147. To ask the Minister for Finance if the Central Bank collects data on mortgage refusals by mortgage lenders here; if so, the most recent data for same by the reason for the rejection; and if he will make a statement on the matter. [5818/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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Prior to offering a residential mortgage loan to a consumer borrower, mortgage lenders are required to carry out a credit worthiness assessment and to offer mortgage credit only where the result of the assessment indicates that the consumer is likely to meet his/her obligations in the manner required by the credit agreement. The mortgage lender is also obliged to ensure that the procedures and information on which the assessment is based are established, documented and maintained. However, subject to complying with all relevant legal and regulatory requirements, it remains a commercial matter for each lender to make its own underwriting decisions on individual loan applications.  Regarding industry data on this matter, the Central Bank advises that it does not collect data on mortgage loan refusals by lenders.