Skip to main content
Over 60,000 homes at risk of repossession, say Scottish Labour
An aerial view of Glasgow

MORE than 60,000 homes in Scotland could be at risk of repossession due to soaring mortgage costs, analysis by Scottish Labour has shown.

The party’s research comes as the Bank of England base rate now stands at 5.25 per cent, its highest since the 2008 banking crash. 

The bank has warned that the number of people likely to struggle with debt repayments is rising as a result of increasing interest rates.

SNP housing spokesman Chris Stephens said: “The UK government must urgently deliver help for households struggling with their mortgage payments and cost of living.

“No-one should lose their home as a result of Westminster failure.”

A Treasury spokesperson said: “We know that rising prices are worrying for households across the country, which is why halving inflation this year and getting back to the 2 per cent target is our priority.”

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Justice Secretary Angela Constance makes a statement to Parliament at Holyrood, Edinburgh, January 23, 2025
Scotland / 3 December 2025
3 December 2025
Prime Minister Keir Starmer speaking at the launch of the Government's 10-year health plan during a visit to the Sir Ludwig Guttman Health & Wellbeing Centre in east London, July 3, 2025
Scotland / 4 July 2025
4 July 2025