Mortgage Advice - Syndicate

Bcc212

Hi there,

Extremely long time lurker, but never had a need to post due to so many good and thorough answers. However, on this occasions I can’t seem to find what I’m looking for!

I am currently 10 months out from buying my first property (hopefully). My partner and I are saving hard and getting everything into good shape before going through the process.

My question is regards to a Lottery Syndicate, whereby I am the manager and receive funds from 18 others to purchase lottery tickets for the Euro Millions on a Friday evening. The money is usually paid at the beginning of the month via PayPal and then gets withdrawn to my current account before adding the funds to the online national lottery website.

My question is how this may, or may not affect my application, as I am aware that it might look as though I enjoy spending £200+ per month on the lottery, except I only spend £10-£12.50 per month.

I have all relevant paperwork etc. For the syndicate.

Can anyone shed some light on this? We live all across the country (Ex Military), so cannot collect cash.

Thanks! I appreciate any help you can provide. :beer:

Thrugelmir

Open a second bank current account purely to administer the syndicate.

Bcc212

Makes perfect sense!

Thank you.