Mortgage Rates Going Up Or Down 2024 Uk. On 1 august 2024, the bank of england base rate fell to 5% from 5.25%. Britain's biggest high street lenders are continuing to slash borrowing costs after the bank of england's first interest rate cut in four year sparked a boom in homebuyer activity.
Data from moneyfactscompare.co.uk shows average mortgage rates have fallen since the start of july quite significantly. Uk mortgage rate forecast for june 2024.
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