Current Uk Mortgage Rates 2024 Tacoma. The organisation forecasted that gross lending would fall by a further 5 per cent during 2024 to £215 billion, with lending for house purchases dropping by a further. 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.

The housing market experienced a surge in activity following the bank of england’s recent decision to cut interest rates, according to a leading property website. Uk mortgage interest rates can change quickly at the moment, depending on the current cost of swap rates, bank of england (boe) base rate announcements, and lenders’ discretion.