Credit crunch busting deal at Mica Point

First time buyers eager to get on the property ladder but still wanting to move into newly built and well-located homes need look no further than Inspace Homes' latest development Mica Point in cosmopolitan Birmingham.

By taking advantage of the government-led initiative called MyChoice HomeBuy, astute first time buyers are able to buy a new apartment with a credit-crunch busting loan at extremely competitive interest rates. Prices at Mica Point start from £134,995, so first time buyers on the MyChoice HomeBuy scheme would only pay £67,000 for a one-bedroom apartment making this a hard deal to miss.

Available to first-time buyers with household incomes between £20,000 and £60,000 (from as low as £15,000 for the West Midlands), the My Choice HomeBuy scheme is offering loans of up to 50% towards the purchase price of a first home. This new initiative makes it possible for struggling first-time buyers to fulfil their dreams of immediately owning a brand-new home.

Inspace Homes' Mica Point apartments are contained within a four-storey building that blends brick, render and wood to create a very contemporary structure. The 62 open-plan apartments range in size from 469sq ft for a one-bedroom property and rise to 710 sq ft for a two-bedroom apartment. Kitchens are from Nolte's Manhattan range and come complete with integrated Zanussi appliances. Bathrooms are fitted with white bathroom suites by Ideal Standard, heated tower rails, chrome taps and a glazed bath screen. Residents can also purchase parking as the development features 50 secure parking spaces and six garages.

Besides the quality fixtures and fittings that buyers have come to expect from a new development, Inspace Homes is also offering a furniture pack to all first-time buyers purchasing through the MyChoice HomeBuy scheme. This pack will include furniture provided by Connections in Design as well as a number of soft furnishings. This provides first-time buyers not only with the savings of time and money, but most importantly a brand-new home ready to move into and enjoy.

Mica Point is located on Great Colemore Street, within easy reach of the cosmopolitan city of Birmingham where high street shops are alongside exclusive boutiques including Selfridges and Harvey Nichols. The city also offers a wide range of cafés, bars and restaurants for a buzzing nightlife.

Birmingham New Street station is a five-minute walk from the development and offers fast and frequent services into London Euston with journey times around 90 minutes. Other destinations served by the station include Manchester, Nottingham, Edinburgh and Plymouth. For road users, the M6 is located 10-minutes drive away and offers access to Staffordshire and the North. While further national and international travel is only a 20-minute drive away through the Birmingham International airport.

Sue Gresswell, Sales and Marketing Director at Inspace Homes, comments: "In these difficult economic times, potential first-time buyers may feel like they are being priced out of the property market and can't afford a new home. With the MyChoice HomeBuy scheme which Inspace Homes is offering at Mica Point, first-time buyers can receive substantial assistance and finally own a completely furnished home."

The first completions at Mica Point are expected in December 2008 and prices will start from £134,995. For further information, visit Mica-point.co.uk.