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What a difference a year makes in the mortgage market By Lee Hockins valuations more readily, limiting the need (and wait) for a physical valuation. Another positive note you may have seen is an announcement from the Government surrounding 95% mortgages. This is good news for buyers who have a small deposit. In April, we have seen a number of high street lenders re-enter the market at 95% loan to value; great news for first time buyers and those wanting to move house. If you would like to discuss your mortgage options, we at Summit wealth are here to help. We will be able to give you advice on how to navigate a changing market and find the right mortgage for your current situation. info@summitwealth.co.uk 07494 160 670 www.summitwealth.co.uk Summit Wealth Ltd is an Appointed Representative of New Leaf Distribution Ltd. who are authorised and regulated by the Financial Conduct Authority – Number 460421. IMPORTANT: Your home may be repossessed if you do not keep up contractual repayments on your mortgage

What a crazy 14 months it has been! The mortgage market has changed dramatically during the pandemic, in some cases daily. When the first lock down loomed the mortgage process fell into chaos. Problems arose as valuers were not allowed to visit properties, lenders had to change the way they worked to facilitate staff working from home and buyers could not physically visit properties. These issues prevented and delayed buyers from purchasing their dream home. Due to the pandemic, and the ‘new normal’, we saw a drop in service levels and lenders stopped offering higher loan to value products.

A year on, service levels have improved as lenders have found new ways to adapt to an everchanging market, employees are able to effectively work from home and lenders are now utilising desk top