Published date: 17 February 2020
Closed early engagement
Contract summary
Industry
Financial and insurance services - 66000000
Location of contract
Any region
Procurement reference
HCA001-DN464076-52078904
Published date
17 February 2020
Closing date
2 March 2020
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
Homes England intends to re-procure the Mortgage Administration service and anticipates the contract term commencing in June 2021. The Prior Information Notice ("PIN") is not a call to competition. The purpose of this PIN is to invite potential suppliers to participate in a market testing exercise to assist Homes England in the design of the Services and our requirements. This market testing exercise consists of a questionnaire and, at the discretion of Homes England, may also include one or more bidder days at which feedback may be provided on a face-to-face basis.
The current Mortgage Administration service administers all Homes England equity loan products from the point of approval through to redemption. This includes older "legacy" products (First Time Buyers Initiative, London-Wide Initiative, Armed Forces Home Ownership Scheme, HomeBuy Direct and FirstBuy) as well as the current Help to Buy scheme.
Homes England have a small number of approved Agents who handle the process of approving applications for Home England's equity loan products up to and including the release of funds to allow completion of an approved home purchase.
The Mortgage Administrator is then responsible for the management of these loans through the entire customer journey post-sale completion. This includes handling Borrower enquiries, making amendments as required, and finally ensuring successful redemption of loans.
Further information can be accessed via Home England's e-Tendering system. Those wishing to download and return a questionnaire for this opportunity must register their expression of interest and submit their response through our e-Tendering system. If not already registered, interested parties should register at https://procontract.due-north.com/Login
About the buyer
Contact name
David Minto
Address
Windsor House, 42-50 Victoria Street
westminster
SW1H 0TL
England
Telephone
+44 1914977667
david.minto@homesengland.gov.uk
Website
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Closing date: 2 March 2020
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