With interest rates on the rise it becomes harder and harder to make the repayments on large mortgages. Banks don’t really warn you about this though do they?
One way to make sure that you don’t get caught out by circumstances that are out of your control affecting your capability of paying back your home loan is by making sure that you have adequate mortgage payment protection for your mortgages.
If your credit history is poor you can apply for a poor credit remortgage and the good news is that many lenders are becoming more flexible about this kind of thing, realizing that a previous bad experience with a mortgage (in the past) is not necessarily any indicator as to what is going to happen in the future.