Will Housing Interest Rates Go Down In 2025 Uk

Will Housing Interest Rates Go Down In 2025 Uk. Interest rates were only cut twice in 2024 with base rate falling from a high of 5.25 per cent to 4.75 per cent. After cutting interest rates in november, the bank of england sat on its hands and held rates at 4.75% in december.

The bank of england has held interest rates at 4.75% meaning borrowers must now wait until 2025 before they have any chance of seeing reductions to their mortgage. To achieve these ambitious targets, the budget introduced several measures.