Published date: 21 July 2020

Last edited date: 21 July 2020

This notice was replaced on 4 November 2021

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 4 November 2021)

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


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

21 July 2020

Closing date

20 August 2020

Contract start date

1 March 2021

Contract end date

28 February 2026

Contract type

Service contract

Procedure type

Restricted procedure

A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.

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

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