Funded PhD in the UK with a Distinction in MSc and a low undergraduate CGPA I completed my undergraduate degree in engineering at the best university in my country of origin, almost a decade ago. I completed the undergraduate program with a 2.9 CGPA  on a 4.0 GPA scale, which roughly equates to an overall B grade (74.5%). Owing to my very difficult personal circumstances at the time, I had to repeat 6 failed courses and completed my degree in 5 years instead of 4. I later completed a master's degree at a mid-ranking UK university - a former polytechnic, albeit one with a very good history and a good reputation in my subject area - with an overall distinction and an A1 grade in my dissertation. I had the opportunity to start a funded PhD at that university at the time, but I wasn't really interested then. 

Since completing my master's program, I've worked in the industry for nearly 8 years. Now, at 35 I would like to apply to a good PhD programme at a top ranked university next year. I'm very passionate about my research topic and  have drafted a very good research proposal. Will my undergraduate record have any bearing on my application?
Yes, but exactly what, won’t be known until you submit the application(s).