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Mortgage Interest Rates 2024 Uk 2024. With interest rate rises now back on the agenda after years of low borrowing rates, it’s important to understand how such interest rate changes can affect. The bank of england has recently cut interest rates from 5.25% to 5% which can create more demand and better mortgageability.

See current mortgage rates and compare mortgage deals to find some of your best options. House prices rose 1.7% in 2023, the halifax announced last week, underlining how positive the data has become since last summer, when declines of 5% looked likely.