Irish mortgage deals turned down for online gamblers

[The Buzz]

Are you an Irishman/Irishwoman looking to get a mortgage on a new house? Do you have an online betting account at Paddy Power or Betfair or any other gambling site? Well, you might be out of luck in terms of getting that mortgage.

From the (Dublin) Evening Herald:

A top mortgage advisory firm has claimed that online betting accounts with the likes of Paddy Power or Betfair are being used as criteria to refuse struggling homeowners a restructuring in their mortgages. And in some cases, lenders are using gambling habits as a reason for refusing a mortgage outright.

Trevor Grant, of debt advisory firm Negotiate, stated that gambling transactions which appear on bank statements are often used to decline applications, regardless of the borrower's overall finances.

[universal4]

Now that is interesting....

Rick
Universal4

[ProGambler]

Strange outlook by them.
I have my house efectively paid off and betting winnings
contributed a big chunck of it.

Always strikes me as strange as how such people really do love betting but only if
it is on certain things such as taking a big risk on shares.

Cheers
Mick

[universal4]

Well since stock brokers are nothing but gamblers in an even more corrupt corporate society, shouldn't they also have their loans turned down?

Rick
Universal4