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19/05/2015

Mather calls for Help to Buy ‘evolution’ in Scotland

Words: Laura Edgar

Jim Mather, the new chair of Homes for Scotland, has called on the Scottish Government to “evolve” its Help to Buy shared equity scheme in order to “continue supporting buyers and stimulating house building”.

Speaking at Homes for Scotland’s Annual Lunch in Edinburgh, Mather urged the Scottish Government to announce what new support will be put in place after the planned end of Help to Buy (Scotland) in March 2016, so that buyers and builders have the confidence and “predictability necessary for purchasing and investment decision-making”.

Mather emphasised that the Scottish Government needs to establish - as a national priority - the urgent requirement for new homes of all tenures and push it to the top of the public policy debate.

He added that the Scottish Government should work with the industry and other key stakeholders to avoid damaging the industry’s ability to deliver much-needed homes.

His inaugural speech followed the news that the scheme has so far resulted in 5,000 sales worth £1 billion.

Housing minister Margaret Burgess said: “The Scottish Government has invested hundreds of millions of pounds to pursue a range of initiatives to support private sector activity.

“While the delivery of affordable housing remains our top priority, the Scottish Government is committed to see an increase in supply across all tenures, delivering a strong sustainable economy and supporting a fairer society.”

Photo credit: Crown Copyright/The Scottish Government

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