Published date: 4 November 2021

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 20 August 2020, 12am

Contract summary

Industry

  • Financial and insurance services - 66000000

Location of contract

England

Value of contract

£30,000,000

Procurement reference

HCA001-DN464076-37506162

Published date

4 November 2021

Closing date

20 August 2020

Closing time

12am

Contract start date

1 March 2021

Contract end date

28 February 2026

Contract type

Service contract

Procedure type

Other

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

Homes England is seeking a solution to administer loans entered into by borrowers participating in a range of nominated Government home ownership schemes principally the Help to Buy Equity Mortgage Scheme (and the new proposed Help to Buy First time Buyers starting in April 2021). There are some Legacy schemes with small numbers of borrowers (the London wide initiative, first time buyers initiative, home buy direct (including kick start) and FirstBuy).
Homes England is procuring the service through separate Lots. This procurement provides for the delivery via:
• A systems supplier for the processing of the equity loans
• An operations supplier to manage the loan book and handling customer enquiries
• Or a provider to deliver the combined services
The estimated value at II.1.5 is the value to the concessionaire and is for the initial 5 years only (60 months).
Homes England reserves the right to extend the contract term by up to a further 5 years (60 months).

More information

Previous notice about this procurement

Homes England - Help to Buy Mortgage Administration

  • Opportunity
  • Published 21 July 2020, last edited 21 July 2020

Award information

Awarded date

2 September 2021

Contract start date

13 June 2022

Contract end date

12 June 2027

Total value of contract

£30,000,000

This contract was awarded to 1 supplier.

Equiniti Group plc

Address

The Broadgate Tower, 20 Primrose Street
London
EC2A 2EW

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

David Minto

Address

50 Victoria Street
London
SW1H 0TL
England

Telephone

+44 3001234500

Email

david.minto@homesengland.gov.uk

Website

https://www.gov.uk/government/organisations/homes-england