Olwen Aubrette

Interest Rates 2024 Mortgage Uk. To compare mortgage deals and see what your interest rate and monthly payments could be, try using our online mortgage rate finder. In 2025 it is expecting interest rates to fall to 4pc, gradually coming down by 0.25 percentage points each quarter to hit 3.25pc by the end of 2025.

Mortgages remain more expensive than they were a couple of years ago, but the bank of england’s recent decision to cut its base rate from 5.25% to 5% has brought about lower rates. In 2025 it is expecting interest rates to fall to 4pc, gradually coming down by 0.25 percentage points each quarter to hit 3.25pc by the end of 2025.