Mortgage Rates July 2024 Uk

Mortgage Rates July 2024 Uk. 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. 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.

Average 2 year fixed mortgage rate at 60% ltv was 4.30%. You could save £7,039.37 i a year when you remortgage from a standard variable rate*.