Over 36,000 South Lanarkshire households to be hit by mortgage increases

dailyrecord.co.uk:

New figures show that 36,900 households in South Lanarkshire will be hit by mortgage increases.The stats, revealed by Labour, show that there could be an average rise of £170 per month on mortgages across the region.Across Scotland, 546,600 households will be paying an average of £190 more a month on their mortgages next year, according to the numbers.The Lanarkshire Live app is available to download now.

Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire’s recovery from the coronavirus pandemic – straight to your fingertips, 24/7.The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you.Head to the App Store and never miss a beat in Lanarkshire - iOS - Android Labour’s Shadow Chancellor Rachel Reeves spoke to Lanarkshire Live when she visited Rutherglen, and said: “Across Scotland, families are being hit hard by the toxic combination of a Tory mortgage bombshell and an incompetent SNP distracted by scandal.“Unlike both these governments, Labour will not stand by while Scots face the reality of those failures.“Not only has their economic recklessness driven this crisis, but this Tory government’s failure to make its measures mandatory leaves households across Scotland missing out on the mortgage support they need.“Labour’s mandatory plan and our Mortgage Rescue Scheme to ease the Tory mortgage bombshell offers Scottish families practical help now, while our commitment to fiscal responsibility and growth will secure our economy for the future.“If you look at the numbers for South Lanarkshire, thousands of people will be affected by the Tory mortgage bombshell.“That’s why I