He said: “The Bank of England has missed a real opportunity to help the homebuyer and the housing market.
“We have been starting to see signs of improved confidence in buyers and sellers but lowering interest rates would have boosted this and helped to kickstart a market which is still finding its feet into 2005.
“The fear now is that the Bank will see fit to go the other way and actually increase rates at after Easter. Consecutive rises last year demonstrated that the market cannot sustain rates being pushed much higher and a decision to do so will surely do more damage than good.”
