Aspect Learning Guide
Living expenses
Lenders compare your stated living expenses with benchmarks and may use the higher amount in assessment.
Living expenses explained in plain English
Lenders compare your stated living expenses with benchmarks and may use the higher amount in assessment.
Why they matter
Living expenses directly affect borrowing capacity.
Common issue
Unrealistically low expenses can trigger questions or a lender benchmark override.
Tip
Use a realistic monthly figure.
General information only: This guide does not take into account your personal objectives, financial situation or needs. Lending policy varies between lenders.