Mortgage Rates 2024 Uk. The bank of england governor has said interest rates are “now gradually on the way down” after holding borrowing costs at 5% in september 2024. The first thing to understand is that the main uk base rate, set by the bank of england, i mean it was at anomalously low.

Mortgage rates are expected to carry on falling amid predictions base rate will be cut again in november. The proportion of mortgage holders who had missed a mortgage payment was up to 1.7% in the 6 months to january 2024, compared with 1.1% in the 6 months to january 2023, an increase of.