Online gambling accounts affecting your chances of a mortgage

Jayminator

Hi folks,
As the title suggests.

I read an article in the paper on Wednesday which depicted how the banks are now frowning on any potential mortgage applicants who may have dabbled with or are regular users of online gaming sites. The article stated that the banks are using this information as an excuse to refuse loans or mortgages. I laughed at this as I read it to missus Jay as we are currently in the process of applying for a mortgage.

This is of course rubbish I assured my good lady. How can banks refuse these type of people loans. Sure half the country has an online PP account etc.........

Alas to my horror, Only this morning I receive a call from the bank stating that it is now in their lending policy to decline loan applications on the basis of my use of gambling sites etc etc.

Let me please expand on my use of this gambling to which they refer. Some of this is personal stuff but I dont mind discussing it.

I furnished the bank to whom I applied with all the relevant documents they would require to approve our application ( I am very familiar with this process as it is part of my on going business). Within this I needed to submit current account statements from 1/7/08 to 1/2/09. During this 8 month period they discovered 3 Dublin casino cash transactions and 2 online transactions to Boyle Poker. They were sparse and very irregular........

Without giving too much away regarding my own personal business income and assets the application was really a no brainer for the bank. It is a 70% loan to value application with other added security. I have an 18 year Irish Credit Bureau credit rating history which was 100% clear and in good standing. I have borrowed on 7 different occasions over the last number of years and so on so on. I am a married man with a young baba who now because of the implementation of this policy it would appear will need to continue spending time in rented accomadation and never upgrade to a family home. (we were renting after a recent sale of our old house)

What is the purpose of my post.

1) To warn other players who use these sites that this is now an issue. Whats their thoughts and has anyone else encountered the same problem

2) To publically express my outrage at the audacity of these so called bankers who for the last 15 years have been sleeping with every fkn developer in this country. Who have created along with our fabulous over spending government in tow with the aforementioned developers the fk up of a mess we now find our country in.

3) Who were the gamblers? Us or them. If this was America the likes of the former officials of our well known banks would at least have been lined up in the nearest police station having a polaroid or 2 taken of each other against the backdrop of the traditional height chart often associated with them cop shop type places.

4) The use of this policy is plain and simple. Its an indication that the banks are in such serious **** and the worst is yet to come. The recent recapitalisation of the banks is not worth a sh**te. The banks aims are now to only lend to 1st time buyers who in turn will pay off the developers whom in turn will attempt to pay back to the banks the billions owed. Its a viscious circle.
The criteria now used to obtain loan approval is now so tight its easier to give a pint of blood. The loan to value rates have come down hugely e.g ICS only lending 65% of the value of the house you or I want to buy. NIB only lending 70% LTV (loan to value). We need to stump up the rest. In order to purchase a €300,000 house you now need to have €90,000 in personal funds Unless of course you are a 1st time buyer where you can obtain a 92% loan to value mortgage with AIB at less than 2.5% (this will reduce further with the recent ECB interest rate cut of last Wednesday). Bank of Ireland offering very similiar rates. Ulster bank ffs in cohoots with the developers will offer 1st time buyers 92% LTV with a guarantee that if your house drops in value they will write off the drop in value off your mortgage. (T&C's apply here and its only up to a maximum of 15% drop in value I believe)

Only last night I was speaking to another boardsie about this issue and we spoke about an associate who obtained funding from the bank to buy a house after declaring his occupation was a full time poker player. This was less than 2 years ago I believe.

Jail the fkn lot of them IMO. Rant over.

Jay

El Stuntman

fcuking hell Jay, that is an absolute disgrace, I really don't know what to say.

the only crumbs of comfort that I can give you is this:

1. this credit squeeze is temporary and will abate. The banks will start lending again (not the crazy multiples we were used to).
Your credit rating remains, in personal terms, AAA and your ICB rating likewise. You will be able to get a mortgage at normal conditions at some point in the future.

which leads me to....

2. you may not want to hear this (and your Mrs almost certainly won't) but my view is that the banks are actually doing you a favour (albeit for totally spurious reasons) here. House prices are still wildly overvalued in Ireland and have a long, long way to fall yet. You are going to be much better-off, economically speaking, to sit on a pile of cash for a couple more years, rent a nice gaff (driving a hard bargain with your LL) and then buy, saving yourself literally hundreds of thousands of euro. Who knows, prices may fall so far that you won't need a mortgage at all?

I know this runs contrary to your normal desire to have 'a place of your own' for your family but if you take a coldly objective view on it, buying a house now is a sucker move imo.

Good luck with it whatever way the cards fall (so to speak)

brianmc

Pissing me off too. Which bank was this?

I've been hanging onto cheque stubs to explain some USD lodgements if I ever need to and now I'm wondering if I should try to explain them at all.

Upside in my case is that I completely agree with El S' analysis above and so I reckon I have plenty of time to build up a clean 12 month period on my bank statements.

Best of luck with whatever you end up doing about it.

I wonder if they have the ATM in the SE flagged?

MrPillowTalk

Yeah my bank manager put me wide to this a couple of years ago so its obviously not a new thing probably just being strictly enforced now as they are seeking any excuse not to lend.

Ace2007

How far back in bank statement do they go?

flushje

Jesus, thats harsh. I always wondered why MBMA never got back to me a bout that gold card....

Tight Ted

Scary stuff! I already have a few transactions at around the 4 figure mark so I guess I'm pretty ****ed?

Gonna try to get a 12 month clear record.

Jayminator

Ace2007 wrote: »

How far back in bank statement do they go?

Usually 6 months Donal. But can ask for 12 months statements

SCMTRJH

They don't require credit card statements for mortgage applications do they? The article only states 3 months of current account statements doesn't it?

El Stuntman

here's an old thread that may have something relevant on page 3 (post by me)

I don't know how far you might get with it but might be worth getting an opinion on?

bookies shops will start getting busy again Id imagine !

Jayminator

El Stuntman wrote: »

fcuking hell Jay, that is an absolute disgrace, I really don't know what to say.

the only crumbs of comfort that I can give you is this:

1. this credit squeeze is temporary and will abate. The banks will start lending again (not the crazy multiples we were used to).
Your credit rating remains, in personal terms, AAA and your ICB rating likewise. You will be able to get a mortgage at normal conditions at some point in the future.

which leads me to....

2. you may not want to hear this (and your Mrs almost certainly won't) but my view is that the banks are actually doing you a favour (albeit for totally spurious reasons) here. House prices are still wildly overvalued in Ireland and have a long, long way to fall yet. You are going to be much better-off, economically speaking, to sit on a pile of cash for a couple more years, rent a nice gaff (driving a hard bargain with your LL) and then buy, saving yourself literally hundreds of thousands of euro. Who knows, prices may fall so far that you won't need a mortgage at all?

I know this runs contrary to your normal desire to have 'a place of your own' for your family but if you take a coldly objective view on it, buying a house now is a sucker move imo.

Good luck with it whatever way the cards fall (so to speak)

Hi Glyn,
I know we ve chatted about this issue before but the problem here re the purchase is the fact that we both love the house. They have accepted a 35% drop in the current asking price which has dropped in total by 50% from this time last year so where do ya draw the line and consider what is good value for money.

I do agree with you about prices still having a way to go but what I have found in our 6 month house hunt is that the vendors will quite simply take the house off the market and not bother to sell it. The house is spot on in terms of what we are looking for and I am buying it safe in the knowledge that it will most likely drop further. I know this does not make good economic sense but we are hopefully going to be in this house for the next 20 / 25 years or so, so its not an investment rather an ideal family home. If I continue to wrangle on the price then the owners simply wont sell and will just rent it out.

My belief is that if prices continue to drop sellers will just pull from the market. Also with the embargo on house repossessions I think this will take further pressure off house owners who may be in difficulty with the banks. I also think banks from a PR point of view will be loathe to repo a family home (1 repo I think in 08 from the main banks???). If the owners can be seen to make attempts to negotiate with the lenders they may just make it through the crisis.

I also think that when the majority of potential buyers believe the market has bottomed then they will come out of the woodwork and bidding wars will begin again, hiking up prices.

My thoughts may be flawed but I am prepared to accept the risk for the sake of what we both consider an ideal family home.

I also feel it depends on what market you are looking at.

Jayminator

El Stuntman wrote: »

here's an old thread that may have something relevant on page 3 (post by me)

I don't know how far you might get with it but might be worth getting an opinion on?

Was onto my solicitor today already seeking a legal opinion. His answer was that if its in their lending policy then not a lot we can do. He did however say that they have no right to question how and on what I spend my own cash on.

I have repaid every loan etc etc on time so I dont know how the bank can use this against me. If they do (and I am awaiting an appeal to the decision on Monday) I will be screaming it from every media opportunity I can use to demonstrate this hypocrisy

Jayminator

rarnes1 wrote: »

bookies shops will start getting busy again Id imagine !

LOL this.

Jayminator

SCMTRJH wrote: »

They don't require credit card statements for mortgage applications do they? The article only states 3 months of current account statements doesn't it?

No CC statements required. They are only using current account statements to confirm income and outgoings. They cant examine what you spend your money on (well they can prolly ask for CC statements but you can refuse)

Glowingmind

Just curious, if I have an account with Bank A that I use for my poker needs and an account with Bank B that I use to get my work monies paid into, would that solve the problem?

robinblinds

If you make the money from online play, a monthly deposit to your account is a better way to go. Set up a business and run your accounts through this. You can say that you work for this online company as a consultant.

Its reliable and continuous income they are looking for.

Obv, if its live play its harder, but lodging cash through a business account is pretty good way to start.

Only trouble is trying to get a mortgage through a business account....

Jayminator

brianmc wrote: »

Pissing me off too. Which bank was this?

I've been hanging onto cheque stubs to explain some USD lodgements if I ever need to and now I'm wondering if I should try to explain them at all.

Upside in my case is that I completely agree with El S' analysis above and so I reckon I have plenty of time to build up a clean 12 month period on my bank statements.

Best of luck with whatever you end up doing about it.

I wonder if they have the ATM in the SE flagged?

It is one of the bigger building societies but I dont want to name them as this lending policy has been flagged with all lenders. It was not the SE atm machine but the other casino just off that big green square park in the middle of town with that famous maternity hospital just down da road whose name appeared on my statments.

Jayminator

Glowingmind wrote: »

Just curious, if I have an account with Bank A that I use for my poker needs and an account with Bank B that I use to get my work monies paid into, would that solve the problem?

Yes. Use bank account B

robinblinds

Basic thing to remember is you have the money before the bank does, so its up to you to represent how they perceive you got it.

Jayminator

robinblinds wrote: »

Its reliable and continuous income they are looking for.

Only trouble is trying to get a mortgage through a business account....

I have very strong reliable and continuous income from my business. In my post I said they declined my application due to 3 or 4 ''gambling'' transactions over an 8 month period.

I also said the loan would normally be a no brainer for the bank. The issue really is the fact that the banks just dont have the money to lend yet and are using this policy as an excuse to decline

Jayminator

robinblinds wrote: »

Basic thing to remember is you have the money before the bank does, so its up to you to represent how they perceive you got it.

There is no perception of how I ''got'' the money here. Its the perception from the bank that I am gambling my own money away in casino transactions that appeared on my current account.

These were recreational transactions like withdrawing €500 on a Friday to go on the lash for the weekend. Whats the difference?

Ya know what I mean im sure

Ace2007

Jayminator wrote: »

It It was not the SE atm machine but the other casino just off that big green square park in the middle of town with that famous maternity hospital just down da road whose name appeared on my statments.

Jayminator wrote: »

During this 8 month period they discovered 3 Dublin casino cash transactions and 2 online transactions to Boyle Poker.

Only 3 transactions in that casino over an 8 month period - that can't be right - what were you doin at the cash desk all those other times at the start of the night... :rolleyes:

robinblinds

Jayminator wrote: »

There is no perception of how I ''got'' the money here. Its the perception from the bank that I am gambling my own money away in casino transactions that appeared on my current account.

These were recreational transactions like withdrawing €500 on a Friday to go on the lash for the weekend. Whats the difference?

Ya know what I mean im sure

I do ya. I was just trying to broaden the discussion.

QED - Banks are cunts.

Jayminator

Ace2007 wrote: »

Only 3 transactions in that casino over an 8 month period - that can't be right - what were you doin at the cash desk all those other times at the start of the night... :rolleyes:

Looking for credit of cousre.

Jayminator

robinblinds wrote: »

I do ya. I was just trying to broaden the discussion.

QED - Banks are cunts.

Its just the tut tut wag the finger type attitude from the underwriter that has really p**ed me off.

Banks are not knuts, They re worse than that. A knut sometimes proves useful.

tm2204

Jayminator wrote: »

Was onto my solicitor today already seeking a legal opinion. His answer was that if its in their lending policy then not a lot we can do. He did however say that they have no right to question how and on what I spend my own cash on.

I have repaid every loan etc etc on time so I dont know how the bank can use this against me. If they do (and I am awaiting an appeal to the decision on Monday) I will be screaming it from every media opportunity I can use to demonstrate this hypocrisy

This is an absolute disgrace. The banks considerations should be your ability to repay the loan and your previous credit rating and repayment of previous loans; both A+ as you say.

Also you mentioned there are only sporadic lodgment's to poker sites. It's not like your a complete losing donk who is lodging month after month.

If you choose to spend your 'spare' cash on poker when WTF should that go against you. If you withdraw it in cash and drink it away or shoot it up your arm they would have no way of knowing that.

If you have monthly subscriptions to, for example, a gym is that a waste of money that the banks can use against you?

Maybe you should print off your PokerTracker stats & graphs and show them your actually winning money (assuming you are ) and ask them to include this as extra income towards your mortgage approval.

Like I said a fookin disgrace. Like you said just an excuse to decline in these times.

RoundTower

this isn't going to be a popular viewpoint here but so long as we have independent banks I totally support them in their right to turn down the chance to do business with online gamblers. Their responsibility is to make money for their shareholders, they do that by giving out loans to people who will pay them back. If they discover online gamblers are less likely to pay them back then they should charge them a premium or not give them a loan at all.

However if we are going to have nationalised banks and pump billions of taxpayers money into them, then their function is not to make money, it's to provide a public service. In that case they should be forced to give gamblers loans.

thenutpeddler

finally someone refuses to loan money to "jay the lip" o'toole

Lao Lao

thenutpeddler wrote: »

finally someone refuses to loan money to "jay the lip" o'toole

Nah, ur confusing Jay with another poker player called 'The Lip' who nobody should lend money to!!

Seriously though, this is pretty disgracefull and as already stated is just a way for the banks to refuse to lend moeny that they don't have.

What it means for poker players is that they will need to be better organised in having a totally seperate A/c (maybe even bank) for their poker money in order to keep things in order for the banks, something they shouldn't have to do of course

Hope the appeal goes well for you Jay but as you said, if it doesn't, take it to every media outlet that will listen to you. There is no way I would accept that decision.

SpencerJames

in fairness Jay, I think you should be paying the people you owe money to back instead of buying a house. In fact think its poor form of you to post this thread when so many posters are owed money by you.

Bank doing you a favour "Lip"!

RoundTower

Lao Lao wrote: »

Seriously though, this is pretty disgracefull and as already stated is just a way for the banks to refuse to lend moeny that they don't have.

utterly disgraceful! Only the evil bastards who have been robbing this country dry for 30 years would ever stoop so low as to refuse to lend money they don't have.

NickyOD

AIB refused me a pretty a small loan last year after I had a perfect credit rating and had never missed a payment on 3 previous loans all of which I paid off early. I had a current account with them for 10 years and a credit card for 2 years.

Switched to Halifax and they had no problem giving me the same small loan despite evidence of online gaming on a relatively a new account. I don't know though if their policy is different for larger loans or mortgages.

bobbbb

Gambling wont effect your mortgage chances. More scaremongering to sell papers. Ive been gambling a fair bit online and have several betting accounts that my bank account feeds and the banks are falling over themselves to give me a mortgage.

Just call into the banks and see what they say. Dont believe everything you read.

NickyOD

bobbbb wrote: »

Gambling wont effect your mortgage chances. More scaremongering to sell papers. Ive been gambling a fair bit online and have several betting accounts that my bank account feeds and the banks are falling over themselves to give me a mortgage.

Just call into the banks and see what they say. Dont believe everything you read.

Did you not read what Jay said n the OP?

"Alas to my horror, Only this morning I receive a call from the bank stating that it is now in their lending policy to decline loan applications on the basis of my use of gambling sites etc etc."

Jayminator

RoundTower wrote: »

this isn't going to be a popular viewpoint here but so long as we have independent banks I totally support them in their right to turn down the chance to do business with online gamblers. Their responsibility is to make money for their shareholders, they do that by giving out loans to people who will pay them back. If they discover online gamblers are less likely to pay them back then they should charge them a premium or not give them a loan at all.

However if we are going to have nationalised banks and pump billions of taxpayers money into them, then their function is not to make money, it's to provide a public service. In that case they should be forced to give gamblers loans.

I am not an online gambler. My bank accounts show 2 online lodgements over an 8 month period. I very infrequently play online and only for recreation.

Your defending of these shower of irresponsible greedy thugs who as you say are trying to make money for their share holders is flawed. Have you looked at the 4 main banks share price of late.

What about the billions owed by the developer gamblers. Who the fk regulated these loans in the banks attempts to make profit for their shareholders. AIB only this week announced a 62% drop in profits and they hugely increased their bad debt loan book up to €1.8 billion (not 100% on the 1.8 bill) so go ask my hole about them offering money to people who can show an ability to pay back the loans.

Jayminator

SpencerJames wrote: »

in fairness Jay, I think you should be paying the people you owe money to back instead of buying a house. In fact think its poor form of you to post this thread when so many posters are owed money by you.

Bank doing you a favour "Lip"!

List these people please

Jayminator

bobbbb wrote: »

Gambling wont effect your mortgage chances. More scaremongering to sell papers. Ive been gambling a fair bit online and have several betting accounts that my bank account feeds and the banks are falling over themselves to give me a mortgage.

Just call into the banks and see what they say. Dont believe everything you read.

OMG please read my OP. I got a call today from the bank to say it was within their policy to decline applications with signs of usage of gaming sites.

I seriously lol @ banks falling over you to give you a mortgage. You must be a first time buyer. And if not a 1st time buyer then please list for me these banks so I can approach them

CourierCollie

I've no idea who you are Jayminator, but I'm pretty sure Spencerjames has you confused with someone else.

RoundTower

Jayminator wrote: »

Your defending of these shower of irresponsible greedy thugs who as you say are trying to make money for their share holders is flawed. Have you looked at the 4 main banks share price of late.

I do think they are irresponsible greedy thugs and despite being a shareholder I'd like to see at least one major Irish bank go under.

I still think they should be allowed refuse you a loan if they think you're a credit risk (I'd also like them to be allowed refuse you a loan if hypothetically speaking you were a tinker, or for lots of other non-PC reasons).

Are you really suggesting my thinking is flawed because the banks are doing badly? That they are doing badly because they don't give loans to enough degenerates? Do you agree with the guy who thinks it's a disgrace that the banks looked for any excuse to refuse to lend you money they don't have?

robinblinds

Jayminator wrote: »

I got a call today from the bank to say it was within their policy to decline applications with signs of usage of gaming sites.

Thats very interesting. I wonder who told them to say that?

CourierCollie

robinblinds wrote: »

Thats very interesting. I wonder who told them to say that?

Are you suggesting that this is some Government directive?

Seriously, I wonder if they'd have any problem if you just withdrew most of your pay the day it came in, spent most of it on lap-dances and coke, as long as there was no paper trail.

Jayminator

CourierCollie wrote: »

I've no idea who you are Jayminator, but I'm pretty sure Spencerjames has you confused with someone else.

Nah Collie its only a bit of banter between me Spencer James n the nut peddler. Dont be worrying

Jayminator

RoundTower wrote: »

I do think they are irresponsible greedy thugs and despite being a shareholder I'd like to see at least one major Irish bank go under.

I still think they should be allowed refuse you a loan if they think you're a credit risk (I'd also like them to be allowed refuse you a loan if hypothetically speaking you were a tinker, or for lots of other non-PC reasons).

Are you really suggesting my thinking is flawed because the banks are doing badly? That they are doing badly because they don't give loans to enough degenerates? Do you agree with the guy who thinks it's a disgrace that the banks looked for any excuse to refuse to lend you money they don't have?

I ll refer you to my opening post where I gave a lot of personal info regarding my assets, loan to value, credit history etc.

They are not refusing me a loan due to 3 or 4 gaming transactions over an 8 month period rather they are using these trivial very irregular gaming transactions as an excuse to now employ a ''lending policy'' which apparently was always there which is in fact a smoke screen to decline loans.

They should absolutley have the discretion to refuse me a loan based on me being a credit risk but in my several dealings with the banks over the years and having borrowed for several things including purchases of busineses and property to now use these transactions against a person with a 100% ICB credit rating and against someone who has never defaulted on any loan is absurd.

I would much rather them be honest and just say hey listen we dont have the money or sorry dude but we much prefer to lend to the 1st time buers market.

jbravado

I actually agree with RT on this-obviously commiserations though Jay. Im sure you will be able to sort something out.
I certainly would not to mention it to anyone though-"did you hear about your man-cant get a loan because he has a gambling problem" would be the way that its heard. I woud question the wisdom of putting it up online tbh.
I hope you get it sorted.


When I was travelling I managed to get a 2.5k over draft over the phone. They couldnt give me the loot quick enough even though my account was riddled with transactions. Different ball game these days I guess.

robinblinds

If you went in and said you want more money for your business they'd probably give it to you.

Grafter

I'm surprised nobody has linked to the article that kicked this all off.

http://www.irishtimes.com/newspaper/frontpage/2009/0304/1224242235077.html

The OP has my sympathies and I'm sure he'll get sorted, but I think he was exceptionally unlucky if his application was looked at on the day this was published.

From the bank employees point of view, with job security at an all time low, try explaining an approval of this, when you see an Irish Times on your boss's desk and know that this article is in it.

Alternatively, Boss pulled them in and told them to double check all pending applications.

Jayminator

jbravado wrote: »

I actually agree with RT on this-obviously commiserations though Jay. Im sure you will be able to sort something out.
I certainly would not to mention it to anyone though-"did you hear about your man-cant get a loan because he has a gambling problem" would be the way that its heard. I woud question the wisdom of putting it up online tbh.
I hope you get it sorted.


When I was travelling I managed to get a 2.5k over draft over the phone. They couldnt give me the loot quick enough even though my account was riddled with transactions. Different ball game these days I guess.

Hi Sammy,
tbh i dont really care if I am the talk of the ''yer man cant get credit'' crew. People in poker that know me well know this aint really the case.
I am just pointing out the hypocrisy of the banks and the excuses they now use to decline loans. I have a direct debit every month as a member of a flying club, I spend some money every year on my flying hobby... Should that impact on my loan application? Is my ability to repay at risk in case I dump a plane into the side of the sugarloaf? Should I be told to cancel this direct debit and stop flying. I have a direct debit for a gym (actually this should deffo be cancelled) so should I cancel this too.

Where do they draw the line??? Also these totalled 5 transactions over an 8 month period. Hardly the profile of your local degen..

Point is banks are now using anything they can to decline good solid clients due to the fact that they themselves are broke and not us.

Ollieboy

Hi Jay,

I'm sorry to hear about your situation and I think its more bad luck with timing than anything else, but if bad timing in not getting a loan, its also good timing on the price of the house.

I have to disagree with your view on buying the property, I don't think we've hit the bottom and this still worries the bank, I reckon theres another 30/40% to fall from current prices. Your point about people taken property of the market is true, but as these house hit negative equity, people will panic and sell. As for PR by the banks, there in the high court everyday taking homes away from families and nobody cares. Most families are just walking away from the houses and handing back the keys. This problem is going to get a lot worse and I reckon you'll see low house prices for 5 to 10 years.

So in the current market cash is king and I would keep all cash I could available as you might need it to get out of this country in the long run. It would also be a bad time to come into money as its impossible to know were to put it as nowhere is safe.

Also on the banks refusal. They currently looking for any reason to refuse loans. I work in a industry were bank credit is critical and they have wipe out that industry in 18 months with massive job losses. Currently the banks will not lend money to any foreigners and most of the banks will not give car loans for 4/5 years. The banks have been involved in cash management for the last 18 months, so that should tell you enough as they should have the cash. The effects of this are now been shown in every industry, even the government are struggling to find cash. In short term the country is **** and buying a house is not really a good idea unless you have a state job, or a lot of cash. I personally think if you loan ratio had been closer to 50% you might have had less hassle.

Finally when they see these transactions there not stupid, they know casinos are a cash industry so anything going through bank accounts would set of alarm bells. It wouldn't been hard to find your name all over poker sites in the last 2 years and the banks do have google too and do use it. Another reason to be careful what you post on blogs etc. If I remember correctly you played the last EPT in Dublin which was a 8k buy-in, that would scare the crap out of any bank. They just wouldn't understand.

From reading your posts your angry and have every right to be, but direct it at Cowen has he was Minister of Finance and this problem happen under his watch. Of course hes now the boss and got reward for doing a **** job. I'm sure like most people you vote FF in the last election and we got the government we deserve.

If I was you I would head to my local FF TD office and ask him to resign and collect his P45, that his goverment and there Galway tent have bankrupt our country and there all gulity of treason along with the banks and developers. There all scum but Irish people will do nothing about it and they'll get away with it.

End of my political rant....

Again sorry to hear about this Jay, I know how you must feel with a new young family. But rent for the moment and hold your nerve.

Ollieboy

Also the point asked about 2nd accounts etc, the banks have the power to do a client search which means they can find any account you hold with any Irish Bank/Credit company, similiar to what a auditor does but with more power. If you failed to declare a account or refuse to hand over cc statements, than don't even bother applying, that was the same rule during good and bad times.

Mortage brokers are always a good tool to use as they can present your details in a manner that the bank want and understand the banks lending conditions etc.

zuutroy

I have no outgoing gambling transactions from my bank, but my RB every month does come from 'Everest Gaming' on the statement. Do they frown on incoming monies aswell? I've heard the one about saying that you do work for them or whatever, but is there a possibility that this could set off aarm bells with the tax man?