It has been predicted that 2026 will be a good year for first-time property buyers.
Conveyancing solicitors in North Wales may be anticipating several changes this year, some as a result of the budget in the Autumn of 2025.
It is expected, for example, that mortgage interest rates could fall in 2026. Rates of 4% are the anticipated percentage that many finance and legal advisors believe will possibly help first-time buyers in their affordability checks. However, it has also anticipated that affordability in terms of interest rates could be offset by the impact of supply and demand. Although the markets overall could be stable, there may also be a small drop in the numbers of first-time buyers.
Solicitors in Anglesey support many first-time buyers, but many mortgage lenders feel that numbers may flatline in 2026, especially for those who cannot rely on financial help from family to support their purchase. However, this year, there could be new buying initiatives introduced that will help those struggling to get on the property ladder. Some changes recommended by the Mortgage Rule Review in 2026 will be designed in part to ensure buying a house will be quicker, as well as trying to avoid the high number of house sales that fall through at the last minute.
At Bennett Smith Solicitors we can provide advice and support for first-time buyers, so pick up the phone today and book an appointment with us to chat.
