Mortgage Rates In 2024 Uk. The bank of england has cut interest rates from 5.25% to 5%, the first drop since the onset of the pandemic in march 2020. The driving force behind this.

Interest rates have remained frozen at 5.25% since august 2023. Based on the various factors considered above, we expect five year fixed mortgage rates of between 4.25% and 4.75% for the better part of 2024.