Mortgage Rates 2024 Forecast Uk. Lower mortgage rates could be on the way after the return of inflation to its target boosted the chances of a summer cut in the base rate of. House prices were now on track to be 2.5% higher over 2024, according to zoopla.

House prices rose 1.7% in 2023, the halifax announced last week, underlining how positive the data has become since last summer, when declines of 5% looked likely to widen. Britain’s biggest high street lenders are continuing to slash borrowing costs after the bank of england’s first interest rate cut in four year sparked a boom in homebuyer activity.