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Mortgage and Gambling

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  • 04-10-2012 10:01pm
    #1
    socco
    Registered Users Posts: 84 ✭✭


    Hey

    I'm looking to apply for a mortgage in the next couple of months. I also like the odd flutter. I've heard this can look bad when applying for a mortgage...

    How big a deal would it be on the application if I had €20 a month showing on the credit card statement as lodged to the bookies.


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    #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,711 Mod ✭✭✭✭Henry Ford III


    €20 p/m is not material I'd have thought.


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    #3
    Munstermissy
    Registered Users Posts: 251 ✭✭Munstermissy


    A mate of mine got knocked back for a mortgage as he had a Paddy Power account, crazy


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    #4
    highgiant1985
    Registered Users Posts: 1,777 ✭✭✭highgiant1985


    Munstermissy wrote: »
    A mate of mine got knocked back for a mortgage as he had a Paddy Power account, crazy

    yeah better off not taking the risk. Cash is king... no way to monitor what it goes on :D


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    #5
    killers1
    Registered Users Posts: 1,443 ✭✭✭killers1


    highgiant1985 wrote: »
    Munstermissy wrote: »
    A mate of mine got knocked back for a mortgage as he had a Paddy Power account, crazy

    yeah thats what I was worried about... might just keep it to cash sure so. Would be handier to do on line and have it linked to the card is why I'm tempted. €20 is nothing I know the bookie always wins so this is just an enjoyment thing for me.

    It will greatly hamper your chances to be honest. If your application is a marginal one that's the sort of transaction that turns it into a decline. Stick to cash for your flutter!


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    #6
    Scar Tissue
    Closed Accounts Posts: 3,391 ✭✭✭Scar Tissue


    If you still want to gamble get a cash card from PP, they're free and let you use online gambling without any record showing in your bank statements.

    I don't think €20 p/m is that significant, but they're a lot stricter these days I'd imagine.


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    #7
    Atlantic Dawn
    Registered Users Posts: 82,529 ✭✭✭✭Atlantic Dawn
    M


    I've heard people being refused for any gambling activity. If you keep it clean for a year you should be grand.


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