Mortgage repayments increase estimate Q1 2023: FOI release

Information request and response under the Freedom of Information (Scotland) Act 2002.

Information requested

The calculations and modelling which support the claim in the Scottish Housing Market Review Q1 2023 that a 415 basis point increase in interest rates is estimated to increase the monthly payment by around £370 per month for the average new variable rate mortgage and by around £200 per month for the average outstanding variable rate mortgage in Scotland.


A copy of all of the information you requested is in the spreadsheet format you requested. The first tab contains notes on data sources and methodology which should be borne in mind when interpreting the data. The second tab contains the calculations.

About FOI

The Scottish Government is committed to publishing all information released in response to Freedom of Information requests. View all FOI responses at

FOI - 202300364752 - Information Released - Tab 1


Please quote the FOI reference
Central Enquiry Unit
Phone: 0300 244 4000

The Scottish Government
St Andrews House
Regent Road

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