Tuesday, 6 September 2011

Online gambling harms mortgage applications | Irish Examiner

Online gambling harms mortgage applications Irish Examiner

ONLINE betting accounts are being used as reasons for refusing struggling homeowners the option of having a mortgage approved or restructured. Other items being scrutinised by banks include tuition fees, Sky digital subscriptions and mobile-phone bills. Chief executive of mortgage debt advisory firm Negotiate, Trevor Grant, said gambling transactions on bank statements are often used as a reason to decline a mortgage or restructure application, regardless of any other financial information submitted and its strength...
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