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Home Interest Rates 2024 Today Uk. That’s despite a recent rate cut from the uk’s central bank, which brings the current interest rate down to 5%. Uk interest rates were cut on 1 august 2024 for the first time since 2020, bringing relief to many households and businesses struggling with higher mortgage.

House prices have been largely flat over the past 12 months (annual property price rises range from 1.1% to 1.6%) according to the latest. That’s despite a recent rate cut from the uk’s central bank, which brings the current interest rate down to 5%.