Exclusive: A typical Scottish family on an average two-year fixed mortgage rate would be paying £5,268 more in interest than they were two years ago.
Scottish families are paying £5,000 more a year on mortgages than they were in late 2021, SNP-commissioned analysis has shown. The figures show that a typical Scottish family on an average two-year fixed mortgage rate would be paying £5,268 more in interest than they were two years ago.
That is £439 more in interest per month and £5,268 more a year than that same family would have paid for a two-year fixed-rate mortgage in November 2021. In total, the monthly cost of an average £166,431 two-year fixed-rate mortgage in Scotland has risen by almost two thirds - some 63 per cent - from £691 a month to £1,130.
SNP Housing spokesperson Chris Stephens said: "Westminster parties have trashed the UK economy - and millions of households across Scotland are paying the price as the cost of living in the UK soars. It's essential the UK government follows Scotland's lead and does more to help people with the cost of living, including by matching progressive policies like the Scottish Child Payment and by helping those who are struggling to pay sky-high mortgages and rents.
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