Predicted Mortgage Rates 2024 Uk. This expectation is tied to potential boe rate hikes to manage inflationary pressures and normalize monetary policy. Value of mortgage lending in the united kingdom (uk) from 2016 to 2021 and forecast until 2024, by loan purpose (in billion gbp) based on the various factors considered above, we expect five year fixed mortgage rates of between 4.25% and 4.75% for the better part of 2024.

Finally, the bank of england cut interest rates on the 1st august for the first time since march 2020. The bank of england’s governor said a decision to cut interest rates is an important moment in time but warned.