How Low Could Mortgage Rates Go In 2024 Uk. Buyers holding out for lower mortgage rates in 2024 may be disappointed, as they are unlikely to decline much. On 1 august 2024, the bank of england base rate fell to 5% from 5.25%.
Boe rate cut helps boost uk housing market but concerns. More than 30 british lenders have slashed their home loan rates in the last two weeks as 2024 kicks off with a mortgage price war.