The Association of Mortgage Intermediaries (AMI) has called for more Government support to encourage greater liquidity in the mortgage market before any future increase in the base rate.
This follows yesterday’s decision by the Bank of England monetary Policy Committee to hold the bank rate at 0.5%.
Robert Sinclair, director of AMI, said: “Since the last review there has been no change to leading economic indicators. It is therefore not a surprise that rates remain unchanged.