Will Mortgage Interest Rates Go Down In 2024 Uk

Will Mortgage Interest Rates Go Down In 2024 Uk. Uk interest rates were cut on 1 august 2024 for the first time since 2020, bringing some mild relief to households and businesses struggling with higher mortgage. What will happen to mortgage rates in 2025?

Interest rates are now gradually on the path down, the bank of england governor has said after borrowing costs were held at 5%. Asking prices for uk properties hitting the market for the first time surged in september.