Mortgage companies expect issues from UK online casino gaming credit card ban

If you ever wanted proof that we are living in very much unprecedented times, one example has come from the UK mortgage industry. Having long been one of the primary financing groups within the UK, they have spent a huge amount of time looking into the best ways to help people out. Financially, their primary aim is to help people get a mortgage on a home. However, with the new ban on credit cards being used in the UK for online gambling, mortgage lenders are now expecting a new customer entirely – online casino gamers.

The industry has provide fair warning that they might see issues stemming from this. They have noticed that the suspension on the use of credit cards by the UK Gambling Commission is something that could have significant risks for the long-term future of many people. The ban, which came into force on the 14th April, could see mortgage lenders having to double-check applicants.

At the moment, it’s easy for a casino group to find out if someone they are providing funding to could have a gambling problem. However, this ban will mean it will be easier for British lenders who have gambling leanings to try and avoid telling mortgage companies about their addictive habits.

They even expect to see a spike in mortgaging as problem gamblers do all that they can tot try and get access to additional gambling funds. This could be yet another ticking timebomb in the UK financial sector.

6 Responses to “Mortgage companies expect issues from UK online casino gaming credit card ban”

  1. One thing I would like to say is car insurance canceling is a feared experience and if you’re doing the right things being a driver you simply won’t get one. Lots of people do are sent the notice that they are officially dropped by their own insurance company and many have to scramble to get added insurance after having a cancellation. Cheap auto insurance rates are generally hard to get from a cancellation. Having the main reasons concerning the auto insurance cancelling can help car owners prevent losing one of the most important privileges accessible. Thanks for the ideas shared via your blog.

  2. I just could not depart your site prior to suggesting that I actually enjoyed the standard info a person provide for your visitors? Is gonna be back often in order to check up on new posts

  3. I have observed that over the course of constructing a relationship with real estate entrepreneurs, you’ll be able to come to understand that, in every single real estate financial transaction, a payment is paid. Finally, FSBO sellers will not “save” the payment. Rather, they try to earn the commission by simply doing a agent’s occupation. In completing this task, they shell out their money plus time to execute, as best they are able to, the jobs of an adviser. Those duties include displaying the home by marketing, presenting the home to prospective buyers, creating a sense of buyer urgency in order to make prompt an offer, making arrangement for home inspections, controlling qualification assessments with the bank, supervising maintenance tasks, and aiding the closing of the deal.

  4. I just couldn’t depart your web site before suggesting that I extremely enjoyed the standard info a person provide for your visitors? Is gonna be back often to check up on new posts

  5. I do agree with all of the ideas you have presented in your post. They are really convincing and will certainly work. Still, the posts are very short for beginners. Could you please extend them a bit from next time? Thanks for the post.

Leave a Comment

Copyright © 2019. All Rights Reserved. 18+.