Mortgage Rates 2024 Forecast Uk 2024. The bank of england lowered its benchmark bank rate from 5.25% to 5% in august, and some forecasters suggest there may be another cut at the bank’s next meeting on 19.  — property experts anticipate mortgage rates will fall significantly in late 2024 and early 2025, but opinion is split as to exactly when and by how much they'll drop.

The consensus now seems to be. Lenders started slashing mortgage rates amid the bank of england’s decision to cut the base rate from 5.25% to 5%.