THE base rate has been kept on hold at 0.5 per cent for the 25th month in a row.

But following the decision by the Bank of England, property owners were advised to review their borrowing arrangements.

“Another month of a low rate offers borrowers some more breathing space to review their options,” said Simon Gammon, head of Knight Frank Finance.

‘The European Central Bank is now talking about increasing rates and it's only a matter of time before the monetary policy committee pushes them up here.

“The best fixed rates may not be available for much longer.”