Three years of 0.5% Bank Rate

The Bank of England Monetary Policy Committee (MPC) has again voted for no change in the Bank Rate.

It also left so called Quantitative Easing (QE) at £325 billion.

This marks the third anniversary of the Bank Rate at 0.5%.

Brian Murphy, head of lending at Mortgage Advice Bureau, said: “With the Bank Base Rate remaining at effectively at an all time low level we are seeing greater numbers of discretionary buyers re-entering the mortgage market. However