Mortgage Rates Decrease 2024 Uk. On 4 th september 2024, the average mortgage rates according to rightmove are: โ 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.
This should mean that mortgage rates also start to fall. โ from 1 september 2024 until 31 august 2025, the interest rate for mortgage style loans will be 4.3%.