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The bank of mom and dad

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By Ted Healy of DNG TED HEALY

As young first-time buyers continue to struggle to get on the property ladder, the traditional 'bank of mom and dad’ is receiving increased public support.

According to a new survey conducted by taxback.com, 59% of taxpayers believe parents should be allowed give children a leg up the property ladder if they are fortunate to be able to do so.

A majority of those surveyed said parents should be allowed to gift their children as much as they want, without tax implications for either side.

The counter argument here is of course fairness to all house hunters, and the extra pressure this heaps on those who cannot provide financial assistance for their children.

Almost 42% of first-time purchasers availed of financial gifts as part of their deposits with 25% of mover purchasers doing the same.

There is a swell of support for the personal choice of parents to provide financial support to their children when it comes to purchasing their first home. This is completely understandable as we all work hard to provide the very best we can for our children in order to help them on their way as much as we possibly can.

The other side of the coin here is the ‘fairness’ element, should the “haves” be able to wield more power than the “have-nots” in the property market?

For example, should a person with wealthier parents be allowed to shore up the available properties, leaving those who don’t have the same financial support on the sidelines?

If you have a case of a few different people bidding on a property, which is a scenario we are experiencing frequently, and one has the benefit of a substantial cash injection from a parent it creates a different playing field and has a knock on effect on house prices in the neighbourhood.

A question for Government and regulators is whether the 'bank of mom and dad' is becoming a banking force in and of itself?

The 'bank of mom and dad' has always been there in the background. The difference now is that it has become more prominent.

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Applications open for 2026 Liebherr Scholarship Programme

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Liebherr Container Cranes has officially launched its 2026 Scholarship Programme, marking the eighth year of the initiative aimed at developing local talent in engineering, IT, and automation.

The programme is designed to support high-performing students by providing fully funded university education combined with practical, real-world experience. Successful applicants receive full tuition coverage alongside structured work placements and internships at Liebherr’s Killarney facility.

The scholarship is open to students enrolled in or applying for degrees in mechanical, electrical, and structural engineering, as well as mechatronics, automation, business information systems, computer science, software development, and data analytics. Upon completion of their studies, scholars have the opportunity to transition into full-time roles within the company.


“Our scholarship programme reflects a long-term commitment to building capability from the ground up,” said Charlie McCarthy, Managing Director – Engineering at Liebherr Container Cranes. “It allows students to immerse themselves in real engineering and digitalisation projects from an early stage, gaining practical insight alongside their academic studies.”


How to Apply Interested candidates must apply by email to scholarshiprecruit.lcc@liebherr.com.

Applications should include a CV detailing school or college projects and results, and a cover letter explaining the choice of career path.

Leaving Certificate applicants should also include a copy of their completed CAO form showing their chosen engineering or computer science course.


The closing date for applications is 31st May 2026.

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St Brendan’s College awarded national LGBTQ+ Quality Mark

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St Brendan’s College awarded national LGBTQ+ Quality Mark


St Brendan’s College, Killarney has been officially recognised for its commitment to inclusion after receiving the Belong To LGBTQ+ Quality Mark at a national ceremony in Dublin.


The Killarney school was among a group of 39 post-primary schools and Youthreach centres from across Ireland honoured at the Royal Marine Hotel in Dun Laoghaire for their work in creating safe and welcoming environments for LGBTQ+ young people.
The accreditation follows an intensive 18-month programme of evidence-based interventions designed to strengthen student wellbeing. During this period, the “Sem” implemented robust anti-bullying policies, established student-led ‘LGBTQ+ and Allies’ clubs, and engaged in direct outreach to parents to foster a culture of belonging within the wider school community.
Principal of St Brendan’s College, Mr Séan Coffey, welcomed the achievement as a significant milestone for the school. “We are delighted to accept our LGBTQ+ Quality Mark on behalf of the whole school community. We take pride in helping our students grow not only in knowledge and skill, but in character and compassion,” Mr Coffey said.
“Embracing diversity and nurturing inclusion strengthens our school community, enriches school life, and prepares our young people to lead in the modern world. Our achievement is the beginning of a renewed commitment to continuing to build a school culture where difference is celebrated, inclusion is lived, and every student knows they belong. The Sem strengthens its position as a forward-looking school grounded in respect, empathy, and community, a place where tradition and progress work hand in hand. Together we are one.”
The ceremony marked one of the first major engagements for the new CEO of Belong To, Kieran O’Donovan. He noted that while a 2022 survey showed 76% of LGBTQ+ youth still do not feel safe at school, the accredited institutions are taking meaningful action to change those statistics.
“Staff and students have shown real dedication to building environments where every young person feels safe, valued, and able to be themselves. These schools and centres are leading the way,” Mr O’Donovan commented.
The LGBTQ+ Quality Mark is the first national accreditation of its kind in Ireland. Following the success of this year’s programme, which represented over 22,000 students nationwide, applications for the 2026/2027 academic year are now open to schools and Youthreach centres via www.belongto.org.

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