Gambling overdraft debt cleared, but will it affect mortgage application?

hpsauce86

[Deleted User] said:

artyboy said:

themainman84 said:

The only way they would know about the gambling would be by looking at your bank statements. Lenders usually ask for the last 6 months bank statements to review. If these are clear then you should have no issues. As the others have said, it's more about missed payments/defaults. These would usually be picked up at AIP stage anyway but do ensure you declare everything to your broker. Good luck

This! Your credit file won't have any direct footprint of gambling activity - and if the worst that's in there is some overdraft utilisation - during a period when many people needed that extra buffer - then I'd say you don't need to worry about being rejected on the basis of your past behaviour. It's then just down to how far back on your bank statement was the last gambling transaction? And of course if it wasn't your 'main' bank account that you used, even better.

As someone that has had some close experience of the effects of this particular and very relentless compulsion, I'd just like to say well done to the OP for confronting it. I do hope they have the right ongoing support network in place for the next time temptation arises (which sadly it is bound to, that's the nature of gambling...).

Thanks. It was over two years ago and I stopped dead after 6 weeks. Gamstop totally removed the ability and really helped. Just want to move on. Do banks ask 'do you gamble' in mortgage applications? Or do they ask 'have you ever gambled'? We're not using a broker so we've just got this one chance to get it right for this house. I don't gamble, but concerned that saying I did for a little bit two years ago might ruin it all.

We certainly weren’t asked about gambling in our application. Just outgoings and things like children etc. 

Ramouth

We went direct to Nationwide and they didn’t ask about gambling.  They just wanted to know our fixed monthly commitments i.e. pensions, student loan, council tax etc and evidence of where our savings were from.  I don’t recall there being any lifestyle type questions. 

boxer234

No not asked; 3 months bank statements, 3 month payslip, proof of deposit.  I’m assuming your deposit isn’t from gambling? My solicitor needed to see the source of the deposit.  I went with Santander they did query my huge vet bills but that was within the 3 months.