So even if you have a previous bad credit report, you will still be able to apply for a housing loan.
Have a good talk with any of the loan representatives. As this market is very competitive, you should be able to find a suitable one. However, the only thing is the premium will higher than for a person with good credit standing.
In any case, you can still reconsolidate / refinance / remortgage your existing loan. Just be sincere in answering all the queries.
Of course, if you have intention to default again, please do not do it as it will be very detrimental to your records.
