Gambling Mortgage

Gambling Mortgage

Are you thinking about getting a mortgage but concerned about gambling transactions on your bank statements?

Can you get a mortgage with gambling transactions on your bank statements?

Depending on the number of gambling transactions that you have on your bank statements, this may make it harder for you to get a mortgage.

Different lenders will treat gambling in their own way but the lender will need to be comfortable that any gambling does not affect your ability to pay your mortgage.

If your lender believes that the gambling transactions are only sporadic and from disposable income, they will usually allow some of these transactions.

If it seems that the gambling use is more than just for fun, and is a daily habit that could put you in a position where you may not be able to pay your obligations, this would cause the lender serious concern.

Lenders must make sure that you are not borrowing money that you cannot afford to pay back.

If they felt that gambling was a large part of your life, this could severely impact your chance of getting a mortgage with any lender.

If you have gambling transactions on your bank statements and are thinking about taking a mortgage, you should find an experienced mortgage adviser.

They will be able to look at your bank statements to get an idea of whether they are likely to cause a problem with lenders.

If you believe that your gambling is excessive, you should also be having a serious think about whether it is right for you to be taking a mortgage at this time.


An expert mortgage adviser on the phone speaking to a customer

Do banks check if you gamble?

Banks do not necessarily carry out checks for gambling, but both mortgage underwriters and mortgage advisers need to go through your bank statement to view your income and expenditure.

This is to make sure that you will be in a position to make your mortgage affordable once it has been completed.

If there are a large number of gambling transactions on your bank statements, your lender and mortgage adviser would be able to see these when looking at your income and expenditure.

When a lender is looking at your bank statements, it will be down to how comfortable they are with these transactions.

If they felt that they were too regular or suggesting too much money being spent in a month, they would likely not be comfortable lending.

Lenders would not usually confirm an exact amount where they would feel uncomfortable, but more so leave it for the individual underwriter to sense check the income and expenditure and confirm if they are happy to proceed.

Do lenders detect gambling and would you be refused a mortgage due to gambling?

If you have been refused a mortgage loan due to gambling by a lender, and the lenders detect gambling it may not mean you are out of choices.

As different lenders will treat gambling transactions in their own individual way, one lender’s discomfort may not be felt by another lender.

For example, if you place several bets every week from your disposable income and at your leisure, there may still be plenty of mortgage lenders that are happy with this application.

If you have been refused a mortgage due to gambling, you should speak with an independent mortgage adviser that has access to the whole market and one that can help gamblers.

They would be able to review your bank statements, understanding which lender declined your mortgage, to then discuss your situation with other lenders.

Again, this would depend on the nature of the gambling transactions and whether it is for fun or something more serious. Read more: Does Betting Affect Mortgage?

Mortgaged house owned by a gambler

What would be classed as excessive gambling when taking a mortgage?

Lenders do not have a certain threshold where they consider gambling to be excessive.

The reason is, if a high earner put on a large affordable bet sporadically (for example, perhaps they are keen on horse racing and bet on the bigger events), the lender would likely understand this is not a regular habit and more for the occasion.

If another person seems to be visiting the bookmakers each day totalling a large amount of money per month, this could be seen as more of a habit that could become out of control.

It will be down to the individual lender to look through the transactions to assess whether they feel this is safe gambling at somebody’s leisure or something to be concerned about. The question they will answer is does gambling affect your ability to repay.

If you believe your gambling is getting out of control, you can get free advice at BeGambleAware.

Does gambling affect credit rating?

Gambling transactions do not usually show up on your credit file. This is because you are not contracted in for any type of gambling payment.

For example, if you were to join an online poker website, it would usually be on the terms that membership was cancelled if it was unpaid.

As a result, it would not usually be possible to see somebody’s gambling transactions by looking at a credit file.

However, if your gambling transactions had put you in a position where you were unable to make your other financial obligations, these missed payments would likely show on your credit file.

For instance, if you had trouble repaying a loan as cash flow was low due to gambling, it would be present on your credit file.

A lender would likely work out what happened by looking at your bank statements and credit file.

Also, if regular gambling has put you in a position where you have needed to borrow on short-term loans such as payday loans, this could have a negative effect when you come to take a mortgage.

This is because lenders want your cash flow to be healthy to ensure that you can pay them and your other commitments.

If you feel that you have trouble getting through the month with the money that you earn, it can make them reluctant to give you a mortgage.

You should seek professional advice from a mortgage adviser to find out what your options are.

If you would like to know more about your credit history your credit score or if you have bad credit, you can go to Check My File to sign up for a free trial.

Happy mortgage broker giving free mortgage advice over the phone


How long do I have to stop gambling to get a mortgage?

If a lender was to decline your mortgage due to excessive gambling transactions, they would not usually allow you to apply to them a second time.

Additionally, in this situation, gamblers should seriously consider whether you should be taking a mortgage.

If you have not gambled for several months and no longer have any desire to, then looking into your mortgage options with a professional may be something that you could do.

However, if you have temporarily stopped gambling for your bank statements to appear healthy to get a mortgage, this could be a dangerous approach.

If you are likely to gamble excessively following the completion of your mortgage, you may be at serious risk of defaulting on your payments and putting your home at risk.

Taking a mortgage is not a decision to be made lightly so always consider whether you are going to be able to afford to make your payments.

You should talk to an experienced and professional mortgage adviser when you are considering taking a mortgage.


It is certainly possible to get a gambling mortgage with gambling transactions on your bank statements, but it is for the lender to feel comfortable that any gambling is done so with disposable income at a person’s leisure.

If this seemed like a habit that was out of control, or gambling affect your lifestyle, this would likely have a serious effect on a mortgage. In addition to this, if this was the case, it may also not be right to take a mortgage at this time.

You should talk to a professional mortgage adviser about your income and expenditure, including any transactions that you pay for gambling.

They would then be able to give you the individual advice that you require.

If you would like I NEED ADVICE to match you with a qualified and experienced mortgage adviser who can explain your mortgage options, please complete the contact form.

The information on this page is not tailored to any individual readers and should not be considered financial advice under any circumstances.

If you are seeking advice about a mortgage, you should consult a qualified professional.

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