Mortgage Rates Decrease 2024 Uk

Mortgage Rates Decrease 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. But with inflation now at 2%, the signs seem to be pointing to the bank of england reducing the bank rate in the second half of 2024.


Mortgage Rates Decrease 2024 Uk

There are now more homes for sale than at any point in the last six years. In its latest meeting, the bank of england again voted to cut the base rate from 5.25% to 5%.

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