Homes England - Help to Buy Mortgage Administration
Estimated value
£30.0m
Awarded value
£30.0m
Suppliers
1
Lots
1
Published
04 Nov 2021
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