Online gambling transactions

Cath_sandler

We are applying for a new mortgage to purchase the remaining 25% of our shared ownership property. We earn £62k between us and both have excellent credit scores. We will be borrowing £157k altogether and house is valued at £187.5 so 83% LTV. My concern is that there are evidence of deposits of around £100 per month to sky bet on our individual bank statements. We don’t use the joint account to gamble, which is where all of our bills are paid from however, I assume the lender will ask for all statements in our names. I am worried the online gambling will go against us. We have to do the remortgage now rather than wait a few months as we need to complete within 3 months of date of valuation (which cost us £360) so the damage is done and transactions can’t be hidden. Does anybody know what our chances are?

K_S

@cath_sandler Based on the limited info in your post, I don't this see becoming a problem that would stop you from getting the kind of mortgage/rate that you would without these skybet deposits. I would recommend considering using a broker who can help you avoid any inadvertent missteps.

With regard to statements, if your main joint account shows income and regular outgoings, it's very unlikely that the other banks statements will be asked for.