Mortgage Interest Rates Forecast 2024 Uk. The bank of england made the first cut to interest rates in four years in august 2024, giving hope to mortgage holders that the borrowing squeeze is coming to an end. Lower mortgage rates could be on the way after the return of inflation to its target boosted the chances of a summer cut.
Uk lending for house purchases will fall by 8% in 2024, a trade association representing banks is predicting. They are forecast to fall below.