Buying A House?
-
If like me, your matched betting profit is going towards buying a new pad, word of advice. You need to have clean bank statements going back six months. By clean I mean they shouldn’t show any evidence of gambling or money debits to bookmakers.
I’ve received this advice from two high street banks and my own building society. My intention was always to retire from this once I hit my target (which I am very close to) and let my accounts cool off from bookies but I didnt realise it would have to be for six months.
+0May 3, 2016 at 6:18 pm
-
-
New to matched betting?
My Matched Betting Academy is the best place to get started. Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
I’m lucky in that I have been able to get on everything that has gone on during working hours including Cheltenham as we have unrestricted internet access here. I took two weeks off in February and remember taking about £300 worth of MBS free bets from Paddy Power (gubbed a few days later).
Otherwise, until I lost WH and Ladbrokes it was about spending loads of time in the morning getting on all the horse racing offers.
+0
i do miss the golden age around cheltenham 🙁 good times!
+0
I posted it on here at the time that when I went to remortgage it turned out the advisor was also a matched bettor but she said in the case of renewing with them they don’t even look at your current account. Not helpful in the slightest to people buying new but maybe of help to people who’s fixed term is up for renewal.
+0I felt like it was worth bumping this thread with my experience. I’ve been matched betting casually (well, not casually as such, but my profits are on the more casual side) for about a year and a half. I’ve made about 7-8k, which I’m happy with the time committed.
I applied for a first ever mortgage and wasn’t questioned about all of the bookmaker credit searches (they do them for anti money laundering and id checks), or the fact one of my current accounts was rife with betting company transactions.
Just thought it was worth mentioning for anyone that is considering a mortgage whilst still matched betting. The current account I use is NOT my main account. It is with the same bank and has a debit card, but is purely filled with money from matched betting and never used as a primary account. I expect that matters to an extent, but in my experience, they probably are more inclined to look at gambling etc if your monthly disposable income and savings are not clear. I know at the lower end of the spectrum, i.e. smaller loans etc, that you may come under more scrutiny, because you’re not generally going to have savings if you’re getting a loan (whereas a mortgage you’re probably going to have some hefty savings and therefore a proven track record of saving money and managing outgoings well). Affordability is key really.
+0Just buy a house all in cash, like me, no worries 😉
+0
You must be logged in to reply to this topic.
