• +61 (3) 5911 7000

Will BNPL or Online Betting Impact Your Mortgage Application?

Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights


Will BNPL or Online Betting Impact Your Mortgage Application?


When applying for a mortgage, lenders scrutinise your financial habits to assess your creditworthiness.


Gambling activities, such as online betting, or using ‘buy now, pay later’ (BNPL) can potentially impact you negatively in the eyes of a lender.  

Did you know

With our in-house mortgage broking division we bridge the gap between the countless phone calls and emails between lender and accountant making your refinancing and borrowing much less stressful.

 LET'S TALK MORTGAGES LET'S TALK MORTGAGES

Gambling

Lenders view regular gambling, even small amounts, as a red flag. Online betting platforms in particular are closely scrutinised.

  • Frequency matters: Regular gambling, even small amounts, can potentially lead to an automatic decline.
  • Large withdrawals at casinos or pubs, especially late at night, signal risky financial behaviour to a lender.
  • Even modest betting is viewed more negatively than other discretionary spending.

To improve your application, consider pausing or significantly reducing gambling activities for at least 3-6 months before applying.



Buy Now, Pay Later (BNPL) 


While BNPL services may seem harmless, they can impact your borrowing capacity quite significantly.

  • BNPL is considered a form of debt, even if paid off regularly.
  • Similar to credit cards, BNPL limits affect overall borrowing capacity.
  • Opening a BNPL account can reduce your credit score by up to 80 points due to credit checks.

To strengthen your application, consider reducing or eliminating BNPL and any associated accounts. Ahead of applying for a mortgage, it’s important to take stock and have a good hard look at the way you are spending your money.

Lenders want to see that you are a responsible spender with the means to pay them back. They want to see that you can save money, manage debts well and not spend more than you earn.

Start a conversation.

A great place to start is to talk to a mortgage broker who can sit down with you and look at your current financial habits and see where you can improve. 

CALL US CALL US

Melbourne office tenants urged to act as supply window closes

Since the beginning of 2025, 62 per cent of occupiers leasing more than 1,000 square metres have either expanded or maintained their footprint.

Investors circle darwin as commercial market momentum

Darwin's commercial property sector is strengthening with rising rents.

SMSF & Residential Property: What the New LRBA Ban Means for You

On 26 June 2026, the Federal Government passed a significant change to how Self-Managed Super Funds (SMSFs) can invest in residential property. New Limited Recourse Borrowing Arrangements (LRBAs) to purchase residential property inside an SMSF will be banned from approximately 10 August 2026 — 45 days after Royal Assent.

4 Things First Home Buyers Should Do Before The New FY

The First Home Guarantee allows eligible buyers to purchase with a 5 per cent deposit without paying Lenders Mortgage Insurance.

What’s the state of the 2026 federal budget for property?

The 2026 Federal Budget proposed the most significant changes to residential property tax settings in a generation.

4 ways to strenghten your cash flow before the new financial year

How a business crosses the 30 June line matters more than many owners realise

What businesses with ato debt should know their options

From 1 July 2025, interest charges on business tax debt were also deemed non-deductible by the ATO, increasing the real cost of carrying that debt.

Quality comes first with commercial property returns

Commercial property investors are increasingly focused on asset quality over broad sector performance.

5 costs of caravan to factor in your budget before you borrow

A caravan loan can make the upfront cost manageable, but it’s the ongoing expenses that can catch first-time owners off guard.

Show More