We can consider applications where there are gambling transactions present on the bank statements. We will assess the applicants’ transactions to ensure there isn’t a sign of possible vulnerability. We may need to include recurring gambling transactions in the expenditure which could impact the affordability.
Where there are excessive gambling transactions identified on the bank statements, we'll decline the application due to potential negative impact this could have on the applicants’ ability to meet their monthly mortgage payments.
Excessive gambling is determined by proportion of net income that is spent on gambling, the frequency of gambling transactions, and other signs vulnerability.