Eoghan Kenny (Cork North-Central, Labour)
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326. To ask the Minister for Finance the reasons a research stipend of a PhD student cannot be included as income in an application for a mortgage; and if he will make a statement on the matter. [51450/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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The current legal and regulatory framework does not preclude income of the type referred to being taking into consideration when evaluating an application for mortgage credit.

It is a commercial matter for each lender to determine its own credit policies and to make its own lending decisions. This includes the types of income taken into account. I have no role or function in such commercial decisions.

I would note that, where a consumer’s application for credit is turned down, the regulatory framework provides that the lender must set out the reasons why the credit was not approved.