PXS, the country’s leading part exchange company, announced today the launch of Sale Assured which has been designed specifically for those having difficulty in selling their home.

Established in 1996, PXS has become one of the UK’s largest residential part exchange companies. Primarily a business to business company, it has taken the decision to move into the consumer market to help those wishing to move home but are struggling to sell.

As Craig Hallam Business Development Director of PXS explains, “Part exchange - the facilitating of a sale which enables a person to move house simply and quickly - has proved to be extremely successful with our developer clients. Although we have been frequently asked by consumers to provide a similar service for them, we have not until now been in a position to do so.

“The way in which Sale Assured works is simple. PXS purchases the property for 85% of the eventual sale price by releasing the money to the seller in 2 stages. An initial payment is made immediately at 65% of the market value and a second payment on completion of the sale. Only once the property has sold will PXS retain 15% of the final sale price.”

In a typical scenario, a property valued by an independent surveyor at £180,000 and sold for the same amount, would mean that the seller receives £117,000 initially, followed by an extra £36,000 once the property has been sold. In total they would therefore receive £153,000.

Hallam again, “In the current economic climate, Sale Assured offers the perfect solution for anyone looking to sell their house quickly and simply. With unemployment figures now standing at their highest level for 14 years and mortgage arrears on the rise, Sale Assured may offer an attractive proposition for those looking to sell quickly and easily.”

For further information please contact PXS on
0845 013 2550

Notes to editors
PXS was established in 1996 and is now one of the largest residential property part exchange companies in the UK. The company is part of the Assettrust group of companies which include Hometrack and Assettrust Housing.