Mortgage application and online betting?

[Ihaterapmusic]

OK so my other half does the odd online bet.. Maybe £20 a month. With the odd month being £150-300 for big race days etc..
Anything won generally doesn't go back into his account it stays in his online betting account

Now he keeps on about eventually wanting a mortgage as currently rent.
And his dream is to own his own business

I'm. Pretty sure that they will look at the statements and see it as a risk. He thinks I'm being daft but I personally think he needs to stop and do the odd bit at the book makers with cash. Plus easier to keep track of.

Some will say it will be viewed negatively, but I like a bit of a flutter, around the same level as your DH and it wasn’t even mentioned when I applied for my mortgage. Other lenders may view it differently though.

In fact I’m more than your DH, about £50 a week.

Reading about it online, they do say some mortgage providers view it negatively. Though I've also read they only look at 3-6 months of bank statements so as long as he stops in advance, it should be fine.

I wouldn't be taking any chances with it. If I was lender and saw a £300 deposit to a betting account, I would be less likely to lend.

What site does he use? If he prefers online, with most of the big firms you can deposit cash in shop to go into your account.

A couple of High Street Lenders do not ask to see your Bank Statements;
Some lenders that ask to see your Bank Statements - in order to verify "your Salary Receipts" - potentially shall see gambling transactions in that bank account. Low level/ reasonable & perfectly affordable gambling transactions can be accepted - provided that there are no other issues such as exceeding overdraft limit or bounced transactions/ unpaid charges etc.