The troubles in the UK property market may actually present a great opportunity for property investors.

That is according to Persimmon Homes, which said that it is possible to get a property on the ''cheap'' because prices are relatively low.

Further to this, the firm believes that there are still many attractive mortgage deals available for the right borrowers.

"Contrary to reports, there are still attractive mortgage deals available however you do need to move quickly to get them," said Persimmon''s Suzanne Irons.

"This news, coupled with the fact that the Bank of England has reduced the interest rate by 0.25 per cent to five per cent, should come as a sigh of relief for anyone considering buying for the first time or those looking to make the next move up the property ladder.

"A low, stable, interest rate, extremely competitively priced properties and developers that want to sell means now is clearly a buyers market," she continued.

The Bank of England is reportedly lining up a new scheme aimed at easing the credit crisis for UK banks by allowing them to swap mortgage assets for government bonds for a limited period of time.