Help to Buy creates 1,200 more owners
More than 1,200 people in the Black Country bought homes using the Government's Help to Buy schemes since they were launched.
Across the West Midlands there have been 5,547 loans in total with 337 in Wolverhampton, 335 in Dudley, 304 in Sandwell and 248 in Walsall.
In Staffordshire there have been 207 and the Wyre Forest district, including Kidderminster, has seen 116.
Housing Minister Brandon Lewis said the loans had created more than 54,000 home owners in England.
More than 39,000 households bought new-built properties through the Equity Loan and NewBuy options and15,000 households buying through the Mortgage Guarantee.
Around eight out of 10 sales went to first time buyers and as a direct result thousands of new home owners were created and private housebuilding starts rose by a third.
House building has climbed to the highest level since 2007, construction output has seen the sharpest expansion for eight months, and companies are now taking on workers at the fastest rate since 1997.
"The figures clearly demonstrate the continuing success of the Help to Buy in supporting creditworthy, hardworking people who want to buy a home of their own.
"Over 54,000 new homeowners have now used the schemes as a valuable alternative to the Bank of Mum and Dad, enabling them to buy with a fraction of the deposit they would normally require.
"But it's also got Britain building and since the scheme's launch private housebuilding starts has increased by a third."
Sales of new build homes have been strong across the country, added Mr Lewis.
The loans are used to provide up to 20 per cent of the cost of a new-build home, meaning that people can buy with a five per cent deposit and a mortgage worth 75 per cent of the total value.
