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Mortgage with spending disposable income and gambling?
Kellyanne1704
Posts: 4 Newbie
Hi all,
Looking for some advice. Myself and boyfriend have an AIP from Barclays for a 90% LTV mortgage on a new build property. We have been asked to provide 3 months payslips and bank statements. I have had a look through my bank statements and I am a bit worried at some of my transactions.
Looking for some advice. Myself and boyfriend have an AIP from Barclays for a 90% LTV mortgage on a new build property. We have been asked to provide 3 months payslips and bank statements. I have had a look through my bank statements and I am a bit worried at some of my transactions.
My monthly salary I walk out with around £2150 a month, and after my bills I’m left with £1500-£1600 a month. Each month I roughly spend £500 on items such as clothes, food, makeup etc, and I save the rest. Would this be an issue?
In addition I noticed on some of my statements I have PayPal transactions to my betting account. I would frequently put bets on for my brother who would then send me the money back to my bank account. I’ve read that gambling does not look good on a mortgage application, and on one of my statements there is around £100 worth of bets for one month. Can anyone advise if this would also be an issue? As it’s a new build we need to apply for the mortgage within 28 days and try and conclude missives so I can’t really hold off or we would lose the house.
Any advise would be appreciated.
Thank you!
In addition I noticed on some of my statements I have PayPal transactions to my betting account. I would frequently put bets on for my brother who would then send me the money back to my bank account. I’ve read that gambling does not look good on a mortgage application, and on one of my statements there is around £100 worth of bets for one month. Can anyone advise if this would also be an issue? As it’s a new build we need to apply for the mortgage within 28 days and try and conclude missives so I can’t really hold off or we would lose the house.
Any advise would be appreciated.
Thank you!
0
Comments
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Check with the lender before applying. They are best placed to answer you.
Your transactions will be fine, the gambling is a little different. £3 a day is worse than £25 every saturday. The value plays a part but so does the frequency.I am a Mortgage AdviserYou 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.0 -
So I can ask the lender in advance of applying? Yeah it wasn’t every day but some weekends had multiple transactions a day which is why I’m worried.ACG said:Check with the lender before applying. They are best placed to answer you.
Your transactions will be fine, the gambling is a little different. £3 a day is worse than £25 every saturday. The value plays a part but so does the frequency.0 -
I assume so. Thats what I would do, but we have account managers, you would probably just call the normal call centre.I am a Mortgage AdviserYou 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.1
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Calling Barclays and asking about this is a recipe for disaster. They could not tell you if it was raining outside their house.0
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