Mortgage Interest Rates 2024 Forecast Uk Nhs. Finally, the bank of england cut interest rates on the 1st august for the first time since march 2020. In recent years, the uk has experienced historically low mortgage rates due to the bank of england's efforts to stimulate economic growth.

However, for around 400,000 households, monthly payments could jump by 50% or more. The outlook for 2024 uk mortgage rates evokes a spectrum of opinions from industry experts and economists.