If you really want a mortgage but you have had a bad time in the past, you should genuinely consider whether you should be taking on such a big commitment.

This is easier said than done of course and most of us at some point require/want a mortgage! It’s just advised that before you apply for a mortgageyou make sure your finances are in good order and you’ve completed a budget.

If you’re uncertain about your ability to pay your monthly instalments, you could ruin your credit history by over committing on a mortgage.

The likelihood is you're going to have to pay a higher rate of interest on your mortgage because of your past history. Often it really is worth waiting, becoming a good repayer and improving your credit score then getting a cheaper mortgage in a year or two.