Mortgage application & betting history?

[bonzos]

Hi folks. I have been told recently that many of the banks are now looking for any transactions to betting website on your current account when you apply for a mortgage....I am not a big gambler but would bet about €10 month on mainly football. Could this be an issue? I know that one of the main bookies in this country allow you to deposit and with draw money from your online account over the counter in their shops.If I stopped these transactions from my bank account can the bank get access to my online?

 

[serotoninsid]

This has been mentioned previously on AAM. If you can arrange it so that it doesn't appear on your bank statements, then I would imagine that takes it out of the equation...?

 

[bonzos]

I far back into your account history do banks look when you apply for a mortgage?

 

[michaelm]

I far back into your account history do banks look when you apply for a mortgage?

Ulster Bank will look for 3 months accounts, others will want 6+ months. UB are lending and will turn around an application in about 5 days.

 

[kildon]

most lenders now will want at least 6 months statements, if you are a customer of the bank they can check back over your entire history

any sign of a betting company on a statement (even if its paying out) would be detrimental

 

[anuj21k]

Well I am much worse than you still got my approval yesterday from AIB, so I will say if you dont go insane and your incoming is more than outgoing you are fine.