Scots on fixed rate deals that expire next year are likely to be hit by much higher interest rates
Desperate Scots are flocking to an advice website for information on their mortgage payments during the cost of living crisis. Citizens Advice Scotland said there had been a 223 per cent increase in use of their mortgage calculator to work out monthly bills.
Someone taking out a £200,000 mortgage in December this year could typically face paying around £1,269 per month on a two-year fixed-rate, compared with around £881 per month this time last year. According to CAS, there has been record demand for their online calculator over the past two months. Scottish politics “On that basis we are seeing record level of demand for our mortgage calculator tool, and that follows a steady increase in demand for advice from people who can’t afford to pay their mortgage. Adding higher energy bills and high inflation to this means a lot of people could be facing really hard decisions in the New Year, and more action from policymakers would be welcome."
Top news stories today Lib Dem MSP Willie Rennie said: "Soaring demand for online support with mortgage payments shows that homeowners are paying the price for the Conservative Government crashing the economy.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Missing Scots man last seen in early hours of Sunday as cops launch searchGareth Donald, from Dundee, has been reported missing after leaving his home in the early hours of New Year's Day.
Read more »
Scots comedian Paul Black's debut TV comedy sketch First Footing airs tonightThe Scots funnyman wrote and directed First Footing, which will air tonight at 9.30pm on BBC Scotland.
Read more »
Climber killed in avalanche after plunging nearly 2,000ft from Scots mountainA CLIMBER has been killed in an avalanche on Scotland’s highest mountain. The 49-year-old man was with a fellow climber on Ben Nevis when they plunged nearly 2000 feet on the 4413ft high moun…
Read more »
Scots warned of scammers selling tickets for sold-out Edinburgh's HogmanayTickets are being advertised online and on Facebook for the popular street party and for the concert in the West Princes Street Gardens.
Read more »
Scots heading home on Hogmanay 'abandoned' as train firm cancels servicesAvanti West Coast announced on Saturday morning that it had cancelled services north of Carlisle due to a landslip at Carstairs.
Read more »
Viral video of Dame Judi Dench and Sharleen Spiteri serenading Scots pubDame Judi Dench and Sharleen Spiteri stunned the crowd in a Scots pub as they sang an Abba duet on Hogmanay.
Read more »