Gambling for mortgage

Stekelly1

Hi

Around 6 months ago I finally stopped going... thats in my past now ajd looking to move out, have 10k savings with my partner... both around 25k salary.

I've spoken to a few brokers and advisors who have said people only look for bank statements in the past 3 months, is this correcr

Lomast

That was all I had to supply, last 3 months

ACG

99% of the time yes. 

K_S

Stekelly1 said:

Hi

Around 6 months ago I finally stopped going... thats in my past now ajd looking to move out, have 10k savings with my partner... both around 25k salary.

I've spoken to a few brokers and advisors who have said people only look for bank statements in the past 3 months, is this correcr

@stekelly1 You should be fine on that front, plenty of mainstream lenders will only ask for anything from 0-3 months of bank statements.

ajtrout

K_S said:

@stekelly1 You should be fine on that front, plenty of mainstream lenders will only ask for anything from 0-3 months of bank statements.

In a similar position -did a bit around the Cheltenham Gold Cup. Any idea who will take less than 3 months? Aiming for 60% LTV if that helps.

dimbo61

So you have a 40% deposit.
If you have a steady income and normal job it could be easy.
However maybe using a broker to Check you credit file and search the market for a suitable lender and the best deal for your circumstances might be a good idea.

ajtrout

dimbo61 said:

So you have a 40% deposit.
If you have a steady income and normal job it could be easy.
However maybe using a broker to Check you credit file and search the market for a suitable lender and the best deal for your circumstances might be a good idea.

Thanks Dimbo61. Will be about 3.5x combined salary. Mortgage broker told me to wait it out until 3 months has gone by

K_S

ajtrout said:

K_S said:

@stekelly1 You should be fine on that front, plenty of mainstream lenders will only ask for anything from 0-3 months of bank statements.

In a similar position -did a bit around the Cheltenham Gold Cup. Any idea who will take less than 3 months? Aiming for 60% LTV if that helps.

@ajtrout Can't really name any lenders as that could be construed as advice and the same lender can ask for 0,1 or 3 statements for different cases depending on the specifics and what they are able to verify automatically using information they already have access to.

And also, gambling transactions don't mean an automatic no. It depends on the lender, the amount and frequency showing on the bank statements.

[Deleted User]

Hi I have just had a mortgage offer from TSB they didn’t ask for any bank statements

simon_or

Halifax didn't ask for anything other than one payslip.

With a recent Nationwide application (through a broker) there was no documentation at all required by the bank but on a previous Nationwide one I had to give latest bank statement so I think it can differ even with the same bank.