Apologies if this has been asked before - and I've googled but still not sure.
I want to start matched betting, and would open another account to do so. We will probably be applying for a mortgage at some point, almost certainly not within 6 months but you never know. I don't want betting activity on my account that the bank/mortgage lender would see.
Main and currently only current account would stay as it is, with everything going through it. No debt, overdraft never used.
Matched betting account would have some cash put into it to start but wouldn't be used for anything else. I wouldn't be moving money out of it into other account unless I stopped MB and closed it.
Would this second account come up on my credit report anyway as a matter of course and could I keep it completely 'off' the table, legally and practically?
I've read that opening an account with no overdraft facility would mean the second account wasn't 'credit' and therefore wouldn't show. Don't know how to verify that though.
I know some answers would be 'just stop match betting 3 months before mortgage appliation' - which I would plan to do of course, just interested to find out about the above, how a credit report works in this circumstance, and whether I might be able to arrange the MB so that if we suddenly wanted to go for a mortgage at shorter notice, I could minimise the effect of MB activity.
If anyone has any comments I'd really be interested to hear them. I'm no financial whizzer, I certainly don't want to do anything not legal but I wouldn't want to jeopardise a mortgage application by informing the lender of a MB account when I don't have to!