Mortgage Rates 2024 Uk In India. Some of the uk's biggest banks are raising mortgage rates as expectations of when the bank of england will cut interest rates are pushed back. While it’s not possible to make accurate uk mortgage rate predictions for the next 5 years, the office for budget responsibility has forecast that mortgage rates on average are.

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. Currently, union bank of india and bank of maharashtra offer the lowest home loan interest rate starting from 8.35% p.a.