Mortgage Rates 2024 Uk Government. Impact on mortgage rates and house prices. The uk housing market is showing signs of picking up after the bank of england cut interest rates, according to.

Some of the uk’s biggest banks are raising mortgage rates as expectations of when the bank of england will cut. The bank of england made the first cut to interest rates in four years in august 2024, giving hope to mortgage holders that the borrowing squeeze is coming to an end.