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Ftb

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I have just recently purchased a new home. I have gambled £hundreds away of my spare cash as i didn't think i would be purchasing a place for another few years. I have never gone near my overdraft or had to lend money for this, i have also closed my betting accounts down as i no i need this money now for a mortgage. Where will i stand on getting a mortgage??

Comments

  • ekumi00
    ekumi00 Posts: 24 Forumite
    Fifth Anniversary 10 Posts Combo Breaker
    Gambling account don't show up on your credit file. As long as you are now saving the money and the mortgage lender can see you can afford the mortgage you will be ok. Stay away from online gambling, I was trapped years ago and forced myself to close all accounts. I now feel free.
  • Contemptuous
    Contemptuous Posts: 516 Forumite
    How have you purchased the home without a mortgage? Cash?
    Slummy mummy!
  • Cs1991
    Cs1991 Posts: 4 Newbie
    Ive only just stopped as i no i cant do that anymore do you think i will be ok ?
    Ive only gambled as i had hundreds of spare cash as i don't go out drinking, spend money really i just gambled a few hundred a month.
  • Cs1991
    Cs1991 Posts: 4 Newbie
    Well i have reserved the plot
  • betmunch
    betmunch Posts: 3,126 Forumite
    Many lenders will not like to see lots of gambling transactions on bank statements.

    Use a broker to identify the best lender for you and tell him your concerns about the gambling, an experienced broker should easily be able to place this
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Foxy-Stoat_3
    Foxy-Stoat_3 Posts: 2,980 Forumite
    Cs1991 wrote: »
    Well i have reserved the plot

    Have you paid anything to reserve the plot?
    "Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!
  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    You haven't bought the property if you have only reserved the plot, even if you paid the builder to do it.
    "You were only supposed to blow the bl**dy doors off!!"
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