Mortgage Interest Rates 2024 Forecast Uk. Mortgage rates represent the interest charged on a mortgage loan. The ey item club expects mortgage demand to pick up over 2024 and 2025 provided inflation continues to fall, the bank of england cuts interest rates next year, and.

The average standard variable rate has increased from 4.48% on 1 july 2020 to 8.17% on 1 july this year, according to moneyfacts data. If inflation continues to stay low, industry insiders are optimistic that average.