Gambling, Afterpay: The costly habits that can be detrimental to getting a home loan

Gambling can raise red flags to lenders and banks when assessing a person’s home loan application. Picture: John Appleyard

---

Costly habits of prospective Aussie homebuyers are posing red flags to lenders and banks when they’re applying for mortgage loans, and some are more detrimental than one might believe.

A Money.com.au survey with 1000 participants revealed 150 respondents (15 per cent) admitted gambling was their worst financial habit, while 170 (17 per cent) said they regularly used Buy Now, Pay Later (BNPL) products which banks considered a form of undisclosed debt.

One in five participants (20 per cent) procrastinated paying bills, with Generation Z (33 per cent) and Millennials (35 per cent) the worst offenders.

RELATED: