Gambler's mortgage?

Engeroosi

I want to know your gambling technique, pm me!!!

mark55man

Engeroosi wrote: »

I want to know your gambling technique, pm me!!!

I suspect your inbox may be waiting a while for that PM :rotfl:

Seriously to OP - advice is to save, general concensus is that markets are flat to downwards so no great risk of missing out on price rise, and potenital benefit in downward movement

Also why not outsource yourself to somewhere cheap and sunny, unless you actually need access to UK resources that should fee up 15000 a year and save some of that holiday money

rich11

Anyone that has that sort of edge on Betfair wont be private messaging you any time soon.I am of the same opinion that no one will lend due to the nature of his income.

The only option for the OP is to continue winning and buy outright in a few years

betmunch

Surely you just employ an accountant, show them your bank statements from when you started gambling professionally and they draw up the relevant documents for you.

Then you go to a lender that will accept formalised accounts as proof of income.

As your income is from gambling you dont pay tax on them, and now you have proof of your income.

Or am I looking at it through my common sense glasses?

AmberGambler

dimbo61 wrote: »

A " regular job" does not pay £60K!!! Well not round here
So you either win more money from Gambling and buy a Big house cash or continue renting and line some rich landlords pockets

Lol.

I used to be an IT contractor and billed about £125k/year.

That was before the financial crisis, mostly, so that wouldn't be so easy now. But still £60k would not be hard to find.

As for the landlord's pockets, the house is mortgaged for £325k I think he inherited it, and it's worth £500k+ and with management charges (he lives 200 miles away) and so on, I don't think I'm 'lining his pockets'.

Even so we've lived in rented for 10 years now and it's a little tedious, plus my son has just finished Y5 and we'd like to move to a different area for the senior school for Y6, get a dog, etc., and would prefer a place of our own.

AmberGambler

mark88man wrote: »

Also why not outsource yourself to somewhere cheap and sunny, unless you actually need access to UK resources that should fee up 15000 a year and save some of that holiday money

My wife has suggested this, she comes from a cheap and sunny developing country, not one many people would choose given a free choice of the world and with only limited educational options, but it's not that bad I guess. Would worry about bandits, etc., though

CBR600F_2

What kind of gambling do you do?

You could move to Las Vegas and get a 4 bedroom, 3000ft^2 house for $225,000.

webs007

Hi,

I'm in the same boat, I'm a professional gambler looking for a mortgage....

Its silly, I've been gambling since 2005, I even have a company that writes the software and earn £40K a year through that and pay tax on it. From my gambling I can make a lot more but don't pay tax on it.

No one will entertain any of the money I make from gambling !!!!

Its the worse draw back of being a gambler !!!


If anyone has any questions, I fairly up on the subject.. LOL

rich11

webs007 wrote: »

Hi,

I'm in the same boat, I'm a professional gambler looking for a mortgage....

Its silly, I've been gambling since 2005, I even have a company that writes the software and earn £40K a year through that and pay tax on it. From my gambling I can make a lot more but don't pay tax on it.

No one will entertain any of the money I make from gambling !!!!

Its the worse draw back of being a gambler !!!


If anyone has any questions, I fairly up on the subject.. LOL

Yes I have.Where can I buy your bot?

Suarez

Is it just me that thinks this looks a bit trolly?