Scottish builders need help following H2B expansion

His comments come in the wake of the Chancellor of the Exchequer George Osborne announcing that the Help to Buy shared equity scheme will be expanded by an additional four years and £6bn.

Hogg said: “Yesterday’s move by the Chancellor represents an important recognition of the success of the scheme and the need to provide greater certainty to developers, enabling further investment in the building of new homes as well as vital jobs and apprenticeships.

“Whilst we await the detail of Wednesday’s budget, it is essential that the Scottish government continues to address the dramatic housing shortage facing Scotland by channelling any consequential funding into providing comparable levels of support to ensure that buyers and builders here are not disadvantaged.”

Indications are that take-up of the scheme north of the border is greater than in England, he added.