Mortgage Interest Rates Prediction 2024 Uk. If you’re looking to remortgage or buy your first home, a cheaper deal can make a big difference to your monthly finances.  — uk interest rates were cut on 1 august 2024 for the first time since 2020, bringing relief to many households and businesses struggling with higher mortgage costs and debt.

 — 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 first thing to understand is that the main uk base rate, set by the bank of england, i mean it was at anomalously low.