My Schengen visa to Italy was refused in 2013; I had a previous passport back then which I no longer use. I don’t remember if there was any document attached with the reason for refusal, except for a stamp showing date. I assume my visa was refused due to insufficient finances, since I was a student at that time.
I’m now applying for a UK visit visa with a new passport to celebrate new year with my friends. I would like to ask if I should mention about the previous visa rejection in the given section of application. If I mention it on a sincere note, how will it affect the chances of getting my visa to UK? This is my first attempt to secure a UK visit visa; I can’t afford to lose this chance!
Edit
Thank you for guiding me. As I said my passport was stamped and returned without mentioning any reason. How will they verify if I say it was refused due to lack of funds ?