Although mortgage lenders have traditionally been wary of providing mortgages, several brokers have observed that even the occasional gaming transaction is now seen as cause for concern.
When borrowers apply for a mortgage, they are usually evaluated based on a number of criteria, such as their age, income, credit usage, and payment history.
Depending on the lender, different conditions may be necessary to get authorized for a mortgage.
Right Choice Mortgages mortgage adviser Joe Childes told the Money blog that he has lately witnessed banks reject applications because of gambling activity on customers.
According to him, different lenders appear to have different tolerances for gambling transactions.
We have rejected cases where customers have different accounts for betting, even if they only wager on football on the weekends.
