Current Uk Mortgage Rates 2024. A repayment mortgage amount of £120,000 over 25 years, representative aprc 7%. 26 months of £1,451.23 at 4.85% (fixed), then 274 months of £1,756.66 at 6.99% (variable).

This follows inflation falling to the bank of england’s 2% target for the first time since 2021 in may, although it has since ticked up to 2.2%. The rate had barely changed for six.