Property Website for First Time Buyers

Property specialists Movewithus have launched a site specifically tailored to helping first time buyers find a home. The new website whitehotproperty.co.uk primarily advertises chain-free properties that have been priced for quick-sale by developers and mortgage lenders. A quarter of the properties is also advertised with additional incentives aimed at making it even easier for first-time buyers to buy including:

• Assisted purchase schemes
• Cash towards a deposit
• Stamp duty paid

The site also has a feature that allows buyers to search for 'seven-day notices'; repossessed properties that have received an offer and unless they receive a higher offer within 7 days they are taken off the market.

Movewithus founding director Robin King said: "Selling repossessed properties is obviously a sensitive area. Our seven day notice feature is designed to ensure that repossessed properties have a chance to achieve maximum realistic price, which is in the interests of both the borrower and the lender."

The low prices of property at the moment is an opportunity for first time buyers to get onto the property ladder but the credit-crunch means lenders will not lend anymore than 90% of the property's value, and many first-time buyers can't raise the 10% deposit. This makes properties with developer and lender incentives a possibly ideal choice for first time buyers.