Hello all,
Do you think a weekly or twice weekly lotto online transaction in your bank statement would be an item that any banks reviewing your finances for mortgage approval would take into account?
I know people have told me online Paddy Power transactions etc do but not sure about the Lotto.
They won't be aware of any accounts in a different bank unless declared.
I probably spend an average of €10-€25 per month on lotto online so that shows on my credit card.
I have been approved for a mortgage (not just in principle) by 4 banks.
In 2014?
Get rid of it. I know a personal friend who set up an account with an online bookmakers. He applied for a mortgage with his partner last year and when the bank saw this account on his statement it was a red flaged.
Even though he only used it maybe once or twice a week for minor amounts he was advised to get rid of the account and the bank would review his situation again in 6 months. Needless to say they lost the house they had originally applied for.
Any form of gambling accounts do not look favourable on a mortgage application.
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