Mortgage Application - Gambling Transactions

Sheep_In_Wolves_Clothing

Hi all,


I've recently had an offer accepted on a house and this week I'm beginning the mortgage application process.


I have a 55% deposit and a mortgage in principle for the remaining amount. I have never been in my overdraft, no credit cards, never missed a payment on a previous mortgage, no PDL, no previous defaults, no CCJ's.


My query is about payments I have paid to gambling sites in the last three months. These are only 2 payments, and total £30. I have made no other online betting transactions in almost the 6 months previous to that also.


Now I read over the last two days about just how strict the MMR's are and how online gambling is a big no-no, so I am worrying about this detail.


Does anyone here think these two transactions will effect my application? I'm thinking they won't, but am feeling a little apprehensive regardless.


Any input would be much appreciated.


Thanks.


SIWC

amnblog

Be careful what you read - and stop worrying.

Sheep_In_Wolves_Clothing

Hi amnblog, thanks for your reply.


I probably am over-worrying things, and my pessimistic nature leads me to at times suspect worst case scenarios!


I'll try and clear my mind and get a good nights sleep, full application interview tomorrow.

amnblog

Sheep_In_Wolves_Clothing wrote: »

, full application interview tomorrow.

Sounds like fun

rosh5516

I have been I'm a long and arduous mortgage application that has ram on and on for a couple of months. The lender kept wanting more after more documents! As I had recently changed jobs, my first payslip dated April was not on my last statement. Due to this the lender asked for the statement which shows my salary going in. I provided this to my broker. He immediately called to say that there might be a problem. I had gone a bit wild in May and done about 500 pounds of online gambling. I had not done this before and previous statements show this. my account is plus 16000 pounds so I have a lot of money in my account. However my broker says there is a major issue and the lender may turn down the application at the last minute! We are due to vacate our house on 17th June and want to move into our new home by then. Am I in trouble? I am really panicking. HELP!!

alexbarber90

i have just been excepted for my first mortgage with my partner and the last 3 months statements were littered with online gambling deposits probably about £5000 in total but there was also roughly about £14000 coming in from it ,my credit history is good but not the best and the same is said about my girlfriends .It wasn't plain sailing there was a point when the bank said they might not be able to give us the mortgage but in the end they said yes.hope this helps