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Gambling and mortgages
throughtheblue
Posts: 275 Forumite
I'm sure it's been done to death, but I want to know what effect gambling has on mortgages, when not directly using bank accounts.
I do a bit of match betting, however, I use my pay-pal account as a middle man, so there is no gambling activity on any statements.
The amounts are quite small, but presumably, keeping this away from my statements shouldn't have an impact?
I do a bit of match betting, however, I use my pay-pal account as a middle man, so there is no gambling activity on any statements.
The amounts are quite small, but presumably, keeping this away from my statements shouldn't have an impact?
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Is there anything showing on your bank statements that look like unknown income? If you have large random amounts being paid in a mortgage provider might be curious what's generating that.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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No - I've made one deposit into my paypal account, then deposit from my paypal into betting accounts. I then do the reverse, and move money from betting account into the paypal, and once every few months deposit a smallish amount bank into my bank account.Brie said:Is there anything showing on your bank statements that look like unknown income? If you have large random amounts being paid in a mortgage provider might be curious what's generating that.
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It should be fine.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
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