Mortgage Interest Rates 2024 Forecast Uk Rate. Uk mortgage interest rates can change quickly at the moment, depending on the current cost of swap rates, bank of england (boe) base rate announcements, and. The market is now pricing in that the bank of england base rate will fall below 5% by october 2024.

If you’re looking to remortgage or buy your first home, a cheaper deal can make a big difference to your monthly finances. The bank of england made the first cut to interest rates in four years in august 2024, giving hope to mortgage holders that the.