Rates will hold as mortgage market stabilises

Analysts of the financial market believe that the Bank of England will freeze the base rate of interest for the next few months at least, as property prices stabilise.

Some critics have pointed out the Bank of England cutting interest rates hasn't at all helped the market and in some ways has had the opposite effect.

However, the government's decision to pour money back into the economy is set to see a gradual improvement in the state of the UK market.