mortgage and gambling

HappyMJ

Thrugelmir wrote: »

Keeping a racehorse, polo, any form of motor sport for example. Common sense really.

You could withdraw cash and bet in shop. Who would be any wiser?

It's okay I personally keep my £10,000 a month gambling on a different account and on Neteller and Paypal so a mortgage provider wouldn't see it.

I'd just like to add I do not spend £10,000 a month on it...it's just the turnover. Matched betting requires a lot of turn over for a small profit.

Why a racehorse? They make money don't they? My ex has a horse and I bet that horse cost just as much as any reasonably successful racehorse. She kept the horse on grass (the cheapest form of livery) and paid for agistment, farrier, horse insurance, dentist, hay, straw, feed, worming, new blankets each season, saddles etc... we always seemed to be spending money on the horse. I think it would have cost about £250 per month which really is quite cheap but I would consider an expensive hobby. A racehorse would require full livery costing at least £1,000 per month...but a racehorse makes money and the net cost you would think would be close to zero. A good racehorse would make more money than it cost to maintain but I doubt a mortgage provider would allow the income.