BOQ - Changes to ApplyOnline
Bank of Queensland have adopted a broker industry wide standard and have made some changes to their ApplyOnline tool - Standardised living expenses for home loan applications.
Please be advised that the revised list now consists of 14 expense categories:
- Medical & health
- Investment property utilities & rates
- Recreation & Entertainment
- Telephone & Internet
- Clothing and personal care
- Utilities & Rates
- Child Maintenance
Under NCCP Responsible Lending up to date expense data must be provided.
At least 1 expense must be entered with a value > $0.
A value must be applied to all categories, if no expense for a particular category please use $0.
For more information or if you have any questions please feel free to email: BOQBroker@boq.com.au