Anyone been refused a mortgage...

ashe

I would speak to a broker. If you can wait, you would be better off not betting for 3 months so that you have clear statements.

my advice to you also as someone that gambles a lot, is to look at Matched betting, there is a forum on here full of info all for free, but you will turn a regular profit instead of losing £135 over 3 months. You're spending a third of your income to ultimately make a loss which is a poor choice indeed. Stop it outright, or change.

We have a mortgage offer through Nationwide and I bet between £1000-2500 a month, as said above it does not matter that all that money comes back in and then some, it just looks like a risk to an underwriter.

Our broker placed us with a lender he said would be less likely to ask for bank statements, and luckily they just asked for payslips, but everyones situation is different.

John-K_3

RedfordML wrote: »

Hobby. Around £100 - £150 worth of deposits a week...

Some weeks even see withdrawals coming back...

That is a huge spend on a small wage. I would expect most banks would politely say no, as it suggests a serious gambling problem.

Who can say, though, banks seem keen to lend to all sorts of bad cases sometimes.

00ec25

RedfordML wrote: »

Thanks ACG.

Hopefully it will be all good, I!!!8217;ve advised nothing for next few weeks

I hope you seek professional help with your gambling problem as massaging your bank statements for a couple of weeks is not the real solution to your problem and ending up being unable to pay the mortgage could cripple you for a very long time to come.

Cheeky_Monkey

Yet another poster pretending to be asking 'for a friend' when in fact it's them they're talking about.

Considering you can post on this site anonymously, why do people bother lying?

bowlhead99

Cheeky_Monkey wrote: »

Yet another poster pretending to be asking 'for a friend' when in fact it's them they're talking about.

Considering you can post on this site anonymously, why do people bother lying?

They are not 'lying'. They are telling us that it's them and wryly using the "asking for a friend" trope in an ironic fashion with the intent to amuse.

When I applied for my first mortgage I made sure I only put the odd few pounds into betting sites over the three months before applying so that my statements would be 'clean' (as it was an application that would inevitably be pulled out to get approved by the underwriting dept, being a large mortgage for first time buyers and more than two applicants).

When I was selling that place last year to buy another one and applying for a subsequent mortgage as an existing customer, they didn't need to see bank statements. Just a payslip to substantiate the level of salary I was claiming I had.

* - replying for a friend.

ashe

Also from Op post history it is possible it is actually their partner doing the betting but who knows

Either way stop the actual gambling, it!!!8217;s unfulfilling and is clearly causing you problems.