Mortgage Interest Rates 2024 Forecast Uk. Standard variable rate (svr) is 8.18%. Since last year, interest rate forecasts in the uk have gradually risen as the bank of england tries to curb inflation, leading to fears of higher mortgage rates and more pressure on homeowners’ budgets across the uk.
Read on and we’ll explain how this may affect mortgage interest rates and what that means for you in 2024. According to financial analysts and economic forecasts, the bank of england is expected to gradually reduce interest rates starting in 2025.
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