UK House prices and interest rates have now fallen so low that bargain-hunting homebuyers could snap up a home and pay off the entire mortgage in just four years.

That’s according to www.Look4AProperty.com, one of the UK’s leading sites for house-hunters.

The website has bargains on offer including a two bedroom semi-detached house in Nottinghamshire for £25,000, and a three bedroom terrace in South Humberside for £29,950.

Aaron Turner, founder of www.Look4AProperty.com says the findings are great news for first-time buyers, but bargain-hunters should get moving quickly before prices start rising again.

“With prices like these around, why rent?” says Turner.

“You could buy this the house in Nottinghamshire in four years paying just £500 per month. Interest rates are still fixed at incredibly low rates, and with the asking price so low, you wouldn’t need a huge deposit.

“The drop in house prices across the UK has been disastrous for some – but for bargain-hunters there is now a great choice out there.

“But people who have been holding back on investing need to get moving quickly before prices start rocketing again.”

For those with a lot more cash in their wallets, the top-end market is also going strong. Anyone with a spare £17million burning a hole in their bank account should also log on to www.Look4AProperty.com and check out the six-bedroom house in Kensington which boasts a 58ft swimming pool, roof terrace and Thames river view.