80,000 Scottish households face mortgage rate hike by November

15 May 2024
Christine Jardine

Liberal Democrat Scottish affairs spokesperson Christine Jardine MP has today accused the Prime Minister of “ignoring peoples’ pain” as research commissioned by her party revealed that as many as 80,000 households are set to see their mortgages hiked by November this year.

House of Commons Library research commissioned by the Liberal Democrats has found that 80,000 households in Scotland will face a mortgage increase between now and a potential November election. This amounts to an average of 374 households a day.

Commenting on the figures, Christine Jardine said:

“These nightmare figures for families up and down Scotland show that Rishi Sunak’s claim that his plans are working just don’t match the reality for families.

“Mortgage costs are going up every day and for thousands of families that will mean sleepless nights, difficult decisions about how to make ends meet and worse.

“Voters feel they are being taken for granted, we have seen that reflected time and again at local elections both sides of the border and it feels as if the Prime Minister is just ignoring peoples’ pain.

“Rather than clinging on in Downing Street, it is time for Rishi Sunak to face the music and allow voters to deliver their verdict on his out-of-touch government by calling a General Election now.”

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