Comments on: Getting a Mortgage Whilst Matched Betting https://mikecruickshank.com/getting-a-mortgage-whilst-matched-betting/ Sat, 13 Jul 2019 10:48:25 +0000 hourly 1 https://wordpress.org/?v=6.8.1 By: Sanjay https://mikecruickshank.com/getting-a-mortgage-whilst-matched-betting/#comment-2058 Sat, 13 Jul 2019 10:48:25 +0000 https://mikecruickshank.com/?p=27981#comment-2058 Great article Mike, as someone who is/has been working in the Financial Services Industry for many years I would endorse using a broker over going direct to any bank. You will get a much more personalised service rather than have someone trying to sell you a product/mortgage that may not be suitable or offer the best deal in the market. A broker would also pretty much re-iterate the laying off matched betting on your main bank account. Three months is no time and MB/Casinos won’t go away

]]> By: Douggie https://mikecruickshank.com/getting-a-mortgage-whilst-matched-betting/#comment-2057 Sat, 13 Jul 2019 10:42:08 +0000 https://mikecruickshank.com/?p=27981#comment-2057 As somebody who works for a lender, I can tell you that they may not be able to see bookie accounts on a credit report, but they can see ALL Bank & Building Society accounts you hold. If there is a balance in there, they may well ask for statements of this account to check conduct. You won’t believe how many open a new account which they keep in perfect order, leaving their torrid spending spree / gambling evidence on another account.

I am not saying ALL lenders will ask for statements of any additional current accounts you hold, but SOME MAY. Keep this in mind so as not to be totally surprised IF statements for other current accounts get asked for.

A lender offering a mega-cheap deal will only want the creme-de-la-creme of applicants, and will actively look for a reason to not lend to those who might be the slightest risk.

Likewise, if you have not been the best with your finances and have CCJs / Defaults / Arrears, and need to use a specialist lender, they will tend to ask more questions, as they are willing to consider you as a higher risk already.

Mike’s article is fantastic, but I felt adding a little industry knowledge here may supplement his already super narrative. Getting a mortgage whilst MB’ing is possible, it needs a broker with a creative mind, and a lender that’s not too fussy.

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