With continuing turmoil in the mortgage market, and uncertainty about the interest rates, 2008 may be a worrying year for homeowners with an existing mortgage.

The More Group are pleased to offer a free mortgage health check to any borrowers who are worried about how the current mortgage market is going to affect their mortgage. We’ll look into your existing deal, your current circumstances, which deals are available, and offer advice on how to make the most of your finances.

If the best advice is to stick with your current deal, we’ll advise you to stay - and hope you consider TMG when it is more beneficial to remortgage.

To speak to one of our experts - at no cost, and with no obligation - complete one of our online forms by clicking here. One of our mortgage brokers will give you a call at a convenient time to suit you, and will discuss what options are available.

Alternatively, you can send an email to hello@themoregroup.co.uk to get the ball rolling.

Throughout last year many first time borrowers found themselves unable to afford to get on the property ladder - however, due to the housing market showing signs of slowing down, owning a property in 2008 is becoming more realistic for many.

The momentum in rising house prices in 2007 meant that borrowers found it increasingly difficult to afford a property, with first time buyers who did arrange funding having to borrow a record breaking 3.39 times their income. However, according to research from the Council of Mortgage Lenders, in November this figured dropped to 3.33 - resulting from falling property growth due to the impact of higher interest rates.

It is expected that the rise in property prices will slow down even more in the upcoming year, with many experts predicting them to be flat.

Almost a quarter of homeowners whose fixed rate deal ended this year experienced financial difficulty meeting the higher rates of interest.

In a recent survey The Bank of England found that 22% of the 2,000 homeowners questioned admitted to finding it hard to meet the higher rates of interest once their fixed introductory interest rates reverted to their lender’s Standard Variable Rate (which is usually the most expensive).

Due to interest rates being raised 5 times throughout the past year, the average homeowner experienced an increase of £59 per month on their mortgage repayments.