Browse Forums Home Finance 1 Jul 20, 2021 2:09 pm Partner and I are keen to buy our own place. They are full time employed with a reasonable income, I'm a PhD student and receive a tax free stipend. I had just assumed that because my stipend is paid fortnightly over several years, similarly to wages, it would be considered as such, but seemingly not. Does anyone know of any lenders that will consider stipend income? Re: Lenders and PhD income 2Jul 20, 2021 6:29 pm Hi, the consideration is taking out a 30 year loan, with income they know will cease in a number of years - or less. Of course, one presumes you would not not pickup paid employment but they can't enforce it. I believe CBA are good with this income but haven't tried it myself Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building I recently went through a similar renovation and move scenario when updating our family home. We also swapped some rooms around and tackled a major… 2 9884 OK it's been a little while! I've been busy getting time where I can to work on this. I started by grading a pad (borrowing a… 26 19968 Unless the room is for storage then it's non compliant BCA V2 2019 S3 P3.8 You have 2 options 1. The builder deconstructs the section and rebuilds as per plan /… 7 10665 |