New mortgage but small gambling transactions

Money164

Hi all,


After seeing another thread on here about big gambling debts it prompted me to ask a quick question.


My OH and I should (finally!) be buying a house very soon. We have no debts at all (just one student loan but this will be paid off in Sept) and we do not have or use an overdraft. However, my OH does like a bit of a flutter on sports betting - not a huge amount of money, maybe £30 a month average but I'm worried as obviously this shows on his bank statements. Would this small amount of betting be considered an issue with lenders? He has never been in debt or gambled large amounts but would lenders see any type of gambling transaction, however small, as a worry?


Thanks in advance!

amnblog

£30 should not be a worry.


We had a client recently doing £120pm on the lottery alone.

audigex

Yeah £30/month definitely shouldn't be a worry. Gambling isn't the problem, problem gambling is the problem.

If you enjoy a flutter within your means once a week on the football, or a trip to the races every now and again, then that's you choosing to spend a little money. You could equally spend the £30 going to the game rather than watching it at home with a betting slip, or on beer at the same racetrack without betting on the results.

As long as it's within your means and clearly discretionary spending, there's no issue - most people gamble occasionally, even if it's just a lottery ticket, occasional scratchcard or £10 on the grand national.

Lenders are only worried if you gamble to the point it affects your finances, or if it appears that it may prevent you paying their money back.

Money164

Thank you both that's put my mind at ease!!