NHPX AWARDED ALL PART EXCHANGE BUSINESS FROM CONNELLS

October 2008

New Homes Part Exchange has been awarded all existing and future part exchange business from Connells Asset Management, with immediate effect.

Specialist New Homes Part Exchange, recognised as one of the UK's leading sales services for housebuilders, is best placed to handle all part exchange transactions under the Skipton Group umbrella. The company prides itself on its commitment to the fastest turnaround times for all transactions and high levels of customer service.

Now the UK's fastest growing part exchange company, NHPX will inherit twelve new housebuilder clients and 92 resale properties from Connells. The company has implemented a further recruitment drive, following its rapid expansion over the last twelve months as the part exchange sales tool proves a lifeline to developers in the current market.

Gaynor Hookings, Marketing Director of New Homes Part Exchange comments:

“We are delighted to have been awarded this business, which recognises that the specialist approach we offer to housebuilders is second to none. We will continue to offer the highest levels of service to all our customers, with our aim being to work seamlessly alongside each housebuilder as if we were part of their own team.”

Mike Pudney, Managing Director of Connells Asset Management, adds:

“New Homes Part Exchange are specialists in their field, so it makes sense for them to take over all part exchange business within the Group. At Connells we will now focus on our own area of expertise in the field of property repossessions working closely with our Corporate Clients in achieving best price sales in a difficult market. Something we have been achieving consistently since our beginnings in 1991.”

-Ends-

Notes to Editors

New Homes Part Exchange, sister company of the New Homes Mortgage Helpline, is dedicated to providing a complete sales service to the housebuilding industry, specialising in part exchange. Launched in 2000, it has built an enviable reputation within the new homes industry and is now the fastest growing part exchange company in the UK.

New Homes Mortgage Helpline is the leading UK new homes mortgage specialist, providing mortgage expertise to House Builders and their clients.

Visit www.nhmh.co.uk

For further information please contact The Wriglesworth Consultancy:

Sarah Randle s.randle@wriglesworth.com,
020 7427 1428

Claire Hendry c.hendry@wriglesworth.com,
020 7427 1407

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