Will Mortgage Refinance Rates Go Down In 2025 Uk. By 2027, 50% of mortgage accounts (4.4 million) will refinance onto higher rates, with 31% (2.7 million) exceeding 3% for the first time. As interest rates tick down, we expect arrears to.
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 repayments. Regarding your rate expiry, there are two main options when you are nearing the end of your current deal.