SNP analysis says mortgage costs have surged, accusing Burnham of breaking cost-of-living pledge
A House of Commons Library report commissioned by the SNP shows average two-year fixed mortgage payments in Scotland have risen by £279 a month since 2021, and SNP MP Kirsty Blackman blames Prime Minister Andy Burnham for failing to curb living costs.
According to a House of Commons Library analysis commissioned by the SNP, the average interest cost on a two-year fixed mortgage for a typical Scottish home has jumped from £657 a month in November 2021 to £936 by July 2026, reflecting a rate rise from 1.51% to 4.48%. This escalation adds roughly £3,348 to a household’s yearly expenses. SNP MP Kirsty Blackman contends that Prime Minister Andy Burnham has reneged on his pledge to ease the cost of living, leaving families financially strained as mortgage payments soar.
She calls on the Labour government to deliver a meaningful cost-of-living package in the forthcoming UK Budget. Blackman also criticises the Westminster-led economic policies, suggesting that Scotland’s abundant energy resources could be better leveraged through independence. The UK Government has been contacted for comment.
Why it matters
Rising mortgage costs strain Scottish households and fuel political debate over the UK government's economic policies.
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