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Bank Account transactions - Mortgage

This might sound like a daft question but its something which has been on my mind.

If you are applying for a mortgage and they look at your bank account, do they look at individual transactions which have come out. eg I have a betting account for bet365 and am regulary transferring money to and from this. only small amounts, I have never been overdawn or anything like that but just wondered if things like this was seen as a bad thing or actually had any effect

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