Mortgage Rate April 2024 Uk. Mortgage rates have eased in recent weeks as lenders rush to reprice deals following positive data about the uk economy, an uptick in house sales and growing. Many homeowners could face higher monthly payments after some of the uk’s biggest lenders confirmed mortgage rate increases.

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. Uk mortgage rate forecast for 2024.