Homes England - Help to Buy Mortgage Administration

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Estimated value

£30.0m

Awarded value

£30.0m

Awarded 01 Sept 2021

Suppliers

1

Lots

1

1 awarded

Published

04 Nov 2021

Deadline 19 Aug 2020

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).

Scope

Reference
HCA001-DN464076-37506162
Total value
£30,000,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
01 Mar 2021 to 28 Feb 2026
CPV classifications
66000000

Submission & procedure

Submission deadline
19 Aug 2020, 11:00 pm

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£30.0m

Award date

01 Sept 2021

Contract start

01 Mar 2021

Contract end

28 Feb 2026

Awarded to