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Daily Record

Politics

Andrew Quinn

Scots paying hundreds more a month on mortgages than in 2021

SNP Rishi Sunak Scotland Westminster Interest Rates the National Living Wage United Kingdom

Scots are paying 50 per cent more in mortgage payments each month than they were 20 months ago, according to new analysis.

SNP-commissioned analysis said that the average Scot is paying £381 more per month than they were in November 2021.

This comes after the Bank of England raised interest rates to five per cent two weeks ago, leaving mortgage holders bracing for a big jump in monthly payments.

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