Keep your bank statements clear of heavy spending and gambling up to 3 months before you apply for a mortgage.
If you have a gambling habit and regular payments can be seen on your bank account over the last 3 months, this could affect your chances of getting a mortgage.
If you are spending a significant amount of your monthly income on gambling, a mortgage underwriter may decide not to proceed with your application.
If you run your bank account into an overdraft every month and it looks like you are spending beyond your means, this could affect your chances of getting a mortgage.
If your spending is constantly keeping you in your overdraft and incurring you overdraft fees, then a lender may reject your mortgage application.
A mortgage application will be rejected if there are missed or bounced direct debits showing on your bank statements.
Each lender is different in their assessment of gambling and spending. We will need to take a look at your bank statements to provide you with a personalised assessment.