Ig Index (spread betting) and FXM (Forex trading)

Answered on 25 June 2017 by Nick Morrey

I have Ig index (spread betting) on my bank statement and FXCM (Forex trading), will these have any effect on my mortgage application? Also, can I use my earnings from this as part of my deposit? Thank You.

Depending on the loan-to-value (LTV) and the overall conduct of your bank account, I think the answer is yes, these items on your statements could effect your mortgage application.

You can work out your loan to value with our LTV calculator

A lot will also depend on exactly what you do for a living and the rest of the case in general. If you'd like to talk to one of consultants, who can go through your enquiry in more detail, then please let us know on 0344 346 3672 and we'll arrange a suitable time for one of them to contact you.

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.


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