Interest Rates For Home Loans 2024 Uk. Uk interest rates were cut on 1 august 2024 for the first time since 2020, bringing relief to many households and businesses struggling with higher mortgage costs and debt. Competition between mortgage lenders has intensified ahead of a key decision on interest rates by the bank of england.

Average 5 year fixed mortgage rate at 60% ltv was. What are the uk mortgage rates today?