The Bank of England Monetary Policy Committee (MPC) has once again voted to keep the bank rate at 0.5%.

It has also left the size of the quantitative easing programme unchanged at £325 billion.

“I suspect that many people will have been busy with street and garden party jubilee celebrations and so may have delayed thinking about moving home,” said Ben Thompson, managing director, Legal & General Mortgage Club.

“With the economy still very uncertain it is no surprise to see interest rates remain unchanged and this is a good thing, as hopefully it will continue to encourage people who want to move house to think about doing so.

“Let’s hope this summer will ring a renewed confidence in the housing market.”