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EXCLUSIVE: Sir John Redwood told Express.co.uk that Threadneedle Street should stop selling its own bonds at large losses which he said has driven up mortgage rates.
There is hope for borrowers as expectations of future mortgage rate rises fell on the back of better-than-expected inflation data.
The cost of rent is expected to rise even further in the coming months
Mortgage holders today faced more pain after the Bank of England unexpectedly pushed up interest rates to 5 per cent, the highest level in almost 15 years.
Mortgage holders today faced more pain after the Bank of England unexpectedly pushed up interest rates to 5 per cent, the highest level in almost 15 years.