Mortgage application - gambling transactions

[Sarnie]

ninja-lewis said:

Any need to avoid his existing bank i.e. could they look back further than 3 months internally?

Yes, they will.

[R11ysf]

Do all mortgage providers ask for 3 months of bank statements? I'm pretty sure I never gave them when I got a mortgage last year, but I do remember having to fill out a form about if I had any ongoing commitments such as school fees, car loans etc etc.

[MX5_Nuts]

R11ysf said:

Do all mortgage providers ask for 3 months of bank statements? I'm pretty sure I never gave them when I got a mortgage last year, but I do remember having to fill out a form about if I had any ongoing commitments such as school fees, car loans etc etc.

We've just been AIP with Nationwide and they are only asking for 1 months... Although I guess this could change to 3 months if they spot something they want to look into?

[Sarnie]

MX5_Nuts said:

We've just been AIP with Nationwide and they are only asking for 1 months... Although I guess this could change to 3 months if they spot something they want to look into?

Yep.......a lender may ask for one months statements.......and then ask for 3 months statements.............and then 6............more if they really felt the need to satisfy themselves........no two applications are the same...............

[chaz1234]

Any Deposits to a gambling website will have a negative effect when applying for a morgage. However with you high income and high deposit You will be able to find a morgage broker who will help you and find you a morgage. Regards to you never missing any debt payment that is a positive thing but morgage brokers are more concerned with the amount of deposit you can supply than your debt payment history. The best advice I can give is visit a local Independent morgage advisor with good reviews. They will find a morgage that you Will definitely get accepted for at a decent interest rate They normally do all the application process for you. You just have to supply the identity documents. Driving license passports Utility bills. They will do a pre search. Alot of these financial advisor's can be seen playing golf at the weekend with some of the morgage lenders that your own bank will not introduce you too. Sometimes at a much lower interest rate as well

[Dan_M5]

Depends on statement dates. If your statement date was last week you should be fine applying for a mortgage now

[GipsyHillClimber]

I think it was mentioned in passing on page 1 but would the simple option here not be just to hold fire until July before commencing with the application? If your finances are generally in order and affordability wise everything is kosher they aren't likely to ask for more than the usual 3 months. As mentioned don't go with your current bank who can look further at will.

I of course agree with telling your partner, not even just from a "trusting relationship" angle but mainly for transparency so she can support you if you're close to another relapse which may affect her financially.

[jonah35]

You should be honest with your partner about what youve done and see if they want to continue pressing on.

Dont hide this, sounds to me like youve still got a big problem which could leave her bankrupt.

Youll say it wont but you just lost £16k so easily.

Do the right thing and come clean.