My fiance is a professional gambler, can he get a motgage?

cooliegirl

Hi

My fiance and I would like to buy property together in the future. I already own a property and am self employed but what is the likelihood of us getting a mortgage together with his career being a professional gambler?

What would be required of him to prove income etc as he is not technically employed.

Thanks
Sam

_Andy_

His income would not be taken into account by any lender.

JEWISHPRINCESS

You could maybe get a "self certified" mortgage but with the current climate these are very thin on the ground. Plus you would need a hefty deposit.

macman

Wouldn't he be able to get the same mortgage as any other self employed person? If he can produce his annual accounts (probably 2 or 3 years worth) demonstrating a regular income from his gambling, then I don't see the problem.

_Andy_

No lender will take 'gambling income' as income, self-cert or not.

Errata

Professional gamblers don't have any earnings that they can self-certify, they only have winnings. And losses.

patman99

If your b/f is a proffesional gambler, then surely he would be able to win enough money to buy a house outright. If he's not gambling all day, he could take a day job for a few months, thus producing a checkable wage for the purposes of a mortgage appliccation. There's nothing to say he can't leave a job any time he wants, so long as he meets his monthly mortgage bill, no-one need know.

JEWISHPRINCESS

The whole point of self certificated morgages is to self certify your income. You don't need proof of income to self certify.

_Andy_

Yes but the lender will ask what the income is and the occupation. Which will not be accepted. self-certing doesn't change what a lender's criteria is in terms of employment, occupation and income source.

alm721

Well I didn't know you could be a professional gambler! You learn something new every day I guess. Sorry that was really of no help at all.

koexelek

Let's hope the " big one" comes in for him........ then you won't need a mortgage and can buy for cash instead :cool: