Bank statement activity

Legacy_user

In preparation for applying for a mortgage, could someone offer some advice as to what kind of activity on our bank statements might affect our chances of getting an offer?

For example, my partner likes a Saturday flutter on a football bet, he’s sensible so it’s nominal amounts eg. £1/£2 bets but it’s regular, I told him that may be frowned upon? Also we often transfer money between us, anything between £5 and £100, just for odd things like lunch or shopping etc. Does this look weirdo in the eyes of a lender?

Any other pointers appreciated please! Just want to make the application process as smooth as possible especially as we will likely be going sub prime.

Thanks

csgohan4

betting is frowned upon, but getting a broker to find the right lender is important and to explain everything

in terms of overall spending, they don't micromanage, but look at ONS figures. The stories of eating beans on toast is a myth spread by the daily fail

System

Thank you, sorry what’s ONS?

csgohan4

MissSJL wrote: »

Thank you, sorry what’s ONS?

https://www.ons.gov.uk/

CraigSavage

If just got my mortgage offer from Halifax
I had around £80 a week on my bank statements but they didn’t even say anything about it

System

CraigSavage wrote: »

If just got my mortgage offer from Halifax
I had around £80 a week on my bank statements but they didn’t even say anything about it

How do you mean £80? Congrats on your offer :-)

CraigSavage

MissSJL wrote: »

How do you mean £80? Congrats on your offer :-)

I had around £80 in £5 bets transactions per week on my bank statements

System

CraigSavage wrote: »

I had around £80 in £5 bets transactions per week on my bank statements

Ah I see. That’s a fair bit more than us so hopefully we’ll be alright. We probably have to be a bit more careful as we’re in the adverse. Hope you had some good winnings!

chunkytfg

I spend way more than that on Costa coffee every week and it wasn't a problem.

I would guess if its a minimal amount and your still well inside affordability criteria then unlikely to be a problem. If your stretching your budget to the absolute max then they will look far closer at the little things!

Mr_Munneepennee

Regular small bets are frowned upon a lot less than infrequent big bets apparently.

Hanabris

Are you using your own money to bet or are you betting whilst in your overdraft? The latter may cause questions. The amount isn’t that bad