Policies to make home ownership more affordable are expected to be the centre piece of the budget unveiled by the Chancellor today.

But Philip Hammond’s own housebuilding business has been criticised over the number of affordable homes it is providing.

The Tory MP has made millions through Castlemead, a construction company he founded in 1984. He received dividends worth £1.8 million in 2007 alone.

Hammond resigned as a direction of the company when he became a minister in 2010, but a trust of which he is the main beneficiary retains the controlling stake.

Castlemead’s website shows that its only ongoing project is a development in Llangollen, north Wales:

The development – of what a local newspaper described as “luxury homes” – has been met with opposition locally over concerns about “insufficient provision” of affordable properties.

Planning documents reveal that of the 95 properties being built on the site, just 4 of them will be affordable.

Llangollen Town Council objected to the development, saying it was “very concerned” about the number of affordable homes in the plans.

Denbighshire County Council gave the development the go-ahead in December when Castlemead agreed to make a £47,074.50 contribution to offsite affordable housing.

But Llyr Gruffydd, a Plaid Cymru Welsh Assembly member for the area, said:

“The proposed development in Llangollen by Castlemead has been given the go ahead in the teeth of significant local opposition, as it will not answer local demand for affordable housing.”

Sounds the like Chancellor should get his own houses in order…