2024 Mortgage Rates History Uk

2024 Mortgage Rates History Uk. As of june 2024, the bank of england base rate stands at 5.25%. After almost exactly a year at 5.25%, the bank of england cut interest rates in august.

In recent years, the uk has experienced historically low mortgage rates due to the bank of england’s efforts to stimulate economic growth. Since last year, interest rate forecasts in the uk have gradually risen as the bank of england tries to curb inflation, leading to fears of higher mortgage rates and more pressure on homeowners’ budgets across the uk.