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Heavy gambling and getting a mortgage

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Comments

  • Attaboy
    Attaboy Posts: 7 Forumite
    Seventh Anniversary First Post
    I have thought of a broker but the fees are off putting, but it could be my only option. Out of interest which lenders don't request bank statement as standard practice?

    Thank you for explaining the deposit option glosoli, makes sense now, but wouldn't the gambling stop me getting a 100% mortgage as opposed to the 10%deposit method?
  • glosoli
    glosoli Posts: 739 Forumite
    Eighth Anniversary 500 Posts Combo Breaker
    In fairness either the gambling situation is going to be a deal breaker or it isn't.
  • Debtslayer
    Debtslayer Posts: 447 Forumite
    Attaboy wrote: »
    I have thought of a broker but the fees are off putting, but it could be my only option. Out of interest which lenders don't request bank statement as standard practice?

    Thank you for explaining the deposit option glosoli, makes sense now, but wouldn't the gambling stop me getting a 100% mortgage as opposed to the 10%deposit method?

    But if a broker secures you a mortgage then surely it'll be money well spent?
    Current Mortgage 01.10.17 £113,513.88
    MFW Start Mortgage: £114,794.64
    Current MED: 2036:eek: Target MED: 2026 ;)
    Overpayment Target for remainder of 2017: £2,000
    Mortgage overpayment savings: £684.80
    MFW No 124 :money:
  • logie48
    logie48 Posts: 98 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Attaboy wrote: »
    I have thought of a broker but the fees are off putting, but it could be my only option. Out of interest which lenders don't request bank statement as standard practice?

    Thank you for explaining the deposit option glosoli, makes sense now, but wouldn't the gambling stop me getting a 100% mortgage as opposed to the 10%deposit method?

    Edit *Advice already mentioned above. Apologies.
  • ACG
    ACG Posts: 24,688 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Attaboy wrote: »
    Out of interest which lenders don't request bank statement as standard practice?
    Brokers are not allowed to name lenders on here as it could be seen as leading. With only limited information to go off, we are not in a position to name names.

    But that to one side, that sort of knowledge is why we charge :p
    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.
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