Figures revealed by the Labour Party show that 51,7000 homes in Edinburgh will be affected by eye-watering mortgage rises, with those remortgaging next year paying £280 more a month.
Across Scotland, 546,600 households in Scotland will be paying an average of £190 more a month on their mortgages next year.
The news follows interest rates rising for the 13th time in June, increasing the painful squeeze on family finances.
Ahead of visiting Centrica Green Skills Centre in Glasgow, Labour’s Shadow Chancellor Rachel Reeves said the party would not stand by as Scots facing the failures of both the Tories and the SNP.
Commenting, Scottish Labour MSP for Lothian Sarah Boyack MSP said: “People in Edinburgh are feeling the crushing weight of the Tory mortgage bombshell and the SNP’s incompetence.
“On the one hand, the Tories have shown time and time again that they simply don’t care about people facing hard, impossible choices; they don’t care about the relentless toll the cost of living emergency has taken on so many lives.
“And on the other, we have an SNP Government that is just not up to the job – too distracted by the scandal in their own party ranks.
“Labour’s Mortgage Rescue Scheme will offer practical help to ease the financial burden and will provide support to those in need.
“Our plan will pave the way for a brighter, prosperous and fair future for Edinburgh and the whole of Scotland.”
| Local authority | Number affected by 2026 | Average Increase in monthly mortgage payments next year |
| Aberdeen City | 22,200 | £170 |
| Aberdeenshire | 29,500 | £210 |
| Angus | 7,400 | £170 |
| Argyll and Bute | 7,400 | £190 |
| Clackmannanshire | 7,400 | £160 |
| Dumfries and Galloway | 14,800 | £160 |
| Dundee City | 14,800 | £150 |
| East Ayrshire | 14,800 | £140 |
| East Dunbartonshire | 14,800 | £260 |
| East Lothian | 7,400 | £270 |
| East Renfrewshire | 14,800 | £270 |
| Edinburgh | 51,700 | £280 |
| Falkirk | 14,800 | £160 |
| Fife | 36,900 | £170 |
| Glasgow City | 51,700 | £180 |
| Highland | 14,800 | £200 |
| Inverclyde | 7,400 | £120 |
| Midlothian | 14,800 | £250 |
| Moray | 7,400 | £180 |
| North Ayrshire | 14,800 | £140 |
| North Lanarkshire | 36,900 | £150 |
| Perth and Kinross | 14,800 | £220 |
| Renfrewshire | 22,200 | £160 |
| Scottish Borders | 7,400 | £200 |
| South Ayrshire | 7,400 | £180 |
| South Lanarkshire | 36,900 | £170 |
| Stirling | 7,400 | £220 |
| West Dunbartonshire | 7,400 | £130 |
| West Lothian | 22,200 | £210 |
| Scotland | 546,600 | £190 |