Credit check large sum of money coming in

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160990sl
160990sl Posts: 7 Forumite
in Mortgages & endowments
Get straight to the point atm cleaning up my credit score over 3 months.i like to have the odd bet on bookies usung cash and i won just over 1k in cash in the bookies but jw will this matter when going for a credit check for mortgage as want to pay off credit card and other things off

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  • stevenhp1987
    stevenhp1987 Posts: 907 Forumite
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    If you must gamble, do so responsibly. If you're placing a few quid every now and then it's ok.

    If you are gambling with hundreds it will set off alarm bells with lenders.

    I'd recommend not gambling at all for 6 months prior to application.

    If you won the £1k from, say a £2 accumulator, you'll have no problem. If you won it from a £500 evens bet then you need to speak to a broker about it as lots of lenders will run a mile as you could have lost a lot of money and I'd recommend looking at stopping if that was the case!
  • markyb12
    markyb12 Posts: 60 Forumite
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    if you paid cash for a bet how will anyone know about it
  • stevenhp1987
    stevenhp1987 Posts: 907 Forumite
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    markyb12 wrote: »
    if you paid cash for a bet how will anyone know about it

    If you bet small, they won't. If you bet big, then you'll have multiple high cash withdrawals and deposits which will stick out like a sore thumb!

    If it's the first, not a problem, if it's the later, then getting a mortgage will eventually become the least of your problems!
  • markyb12
    markyb12 Posts: 60 Forumite
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    If I sell a lot of high value items or multiple items that I no longer use, and trust me I!!!8217;m about to declutter before we move , and I put that money in my account it will affect my credit score , plus I sometime draw out large amounts when we are going away for weekends and use it for fuel etc
    Or I may just leave it in the house for when needed save going bank a lot
    So this could be seen as having a gambling addiction , I don!!!8217;t understand , some people still use cash as opposed to cards
  • markyb12
    markyb12 Posts: 60 Forumite
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    Oh forgot to add I don!!!8217;t gamble ,
    But I sometimes pay cash for items I may buy off someone else ie: 2nd hand
  • DavidT67
    DavidT67 Posts: 390 Forumite
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    Firstly, Credit agencies don't / can't report positive balances on accounts.
    Secondly, how would a lender know the transactions going through your account, unless you agree to share this information with them?


    I've gambled heavily in the past, with large cash withdrawals / deposits and card transactions to casinos. Never had a problem with getting a mortgage, never been asked about bank account transactions.


    So think you're been overall concerned about nothing...
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