When living expenses in Mercury Nexus are sent to Apply Online, some lenders will convert any expense that has ownership applied into an expense for each applicant.
As an example if you had a Groceries expense in Mercury Nexus that was $200 a month with shared ownership of 50% for each applicant, Apply Online would convert it to two groceries expense items of $100 a month for each applicant.
Here's a table that highlights lenders that split living expenses either fully or partially:
Lender | Split Living Expenses |
AMP |
|
ANZ | Partial (Insurance and Medical) |
Australian Military Bank |
|
Auswide Bank |
|
Bank of China |
|
Bank of Melbourne |
|
Bank of Queensland |
|
Bank SA |
|
Bankwest | Yes |
Better Choice Home Loans |
|
Better Mortgage Management | N/A |
Blubay Home Loans |
|
Bluestone |
|
Citibank |
|
Commonwealth Bank |
|
Connective Advance | N/A |
Connective Essentials |
|
Connective Select |
|
Connective Solutions |
|
Deposit Assure | N/A |
emoney | N/A |
Firefighters Mutual Bank |
|
Firstmac |
|
Gateway Bank |
|
Health Professionals Bank |
|
Homestart Finance |
|
ING |
|
Keystart Home Loans | N/A |
La Trobe Financial |
|
Loanave |
|
Macquarie Bank | Yes |
ME Bank |
|
MKM Capital | N/A |
MyState |
|
NAB |
|
Newcastle Permanent Building Society | Yes |
P & N Bank |
|
Paramount Mortgage Services | N/A |
Pepper Money |
|
Resimac |
|
St George Bank |
|
Suncorp Bank | Yes |
Teachers Mutual Bank |
|
Unibank |
|
Virgin Money |
|
Westpac |
|