Mortgage Rates Uk Predictions 2024. Average uk private rents increased by 8.6% in the 12 months to july 2024, unchanged from in the 12 months to june 2024; According to the latest forecasts by financial analysts, uk interest rates are expected to stay around the current level of 5.25% until summer 2024.

Lenders cutting rates to compete. Its july economic, housing, and mortgage market outlook anticipates one potential rate cut by the.