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Mortgage advice? Please help!?
I am starting to really panic, my girlfriend and I have found the ideal house to buy in our area, it really is perfect for us but I have a problem.
We have had our offer accepted and we are going to get a morgage this week but when they see my bank statments I think we will be rejected.
It has a healthy amount of money in there and I have not gone overdrawn in about 3 years but I play poker online and it is peppered with transactions. Will this **** it all up for us???
Any advice would be greatly appiciated.
6 Answers
- Anonymous1 decade agoFavorite Answer
No it shouldnt it doesnt matter what is coming out of your bank, if you have plenty of money and havent been overdrawn or in debt then you are fine, as long as they can see that you can pay them they wont care. I think it would be in yours and your g/fs best interests to cut down on the gambling as youll come out worse in the end, and with a mortgage you could get in serious debt even your home taken away, and after that youl never be able to get a mortgage again.
Goodluck
- 1 decade ago
Depending of what lender you approach, the loan to value and your credit rating, you may not be asked to provide bank statements.
Approach an independent adviser who will not charge a fee, and ask as many questions as you can, but be completely honest with the adviser - this is imperative!
If you can't find an adviser, contact me through my profile as I am a fully qualified independent adviser who specialises in mortgage and protection advise and will be more than happy to help in any way possible.
Source(s): I'm a mortgage consultant! - 1 decade ago
I found it quite hard getting a decent mortgage rate as myself and my partner didn't have a deposit and she was about to start full tim eemployment after being a student. These guys have great service http://www.moneysupermarket.com/mortgages/ We managed to find a lender that fitted our circumstances. I hope it works out for you. I know what it feels like to find that dream house!
- 1 decade ago
I doubt it, Why should it?..Money in the acc. not overdrawn and you are managing the account.
Just because you have a "hobby" should not stop the application, they will look at the transactions and see that you are not gambling ALL of your money away.
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- Anonymous1 decade ago
Hello, my g/f and I are also buying... I've been in and out of work but she has a good job. Do a Google search for JSMortgages.. they're doing our mortgage - no questions asked - well almost - it's not that dodgy! Good luck!
