Planning

Homes England - Help to Buy Mortgage Administration

HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)

This public procurement record has 1 release in its history.

Planning

17 Feb 2020 at 13:07

Summary of the contracting process

The procurement process is being facilitated by Homes England, focusing on the contract titled "Homes England - Help to Buy Mortgage Administration". This project falls within the financial and insurance services category and is located in Westminster, England. The current stage of the procurement is in planning, with an engagement period that is set to conclude by the end of the day on 2nd March 2020. Homes England intends to re-procure the Mortgage Administration service with the contract term expected to commence in June 2021. The process is designed to involve potential suppliers in market testing, allowing them to help shape the service requirements through questionnaires and possible bidder days.

This tender presents significant opportunities for businesses specialising in financial services, particularly those experienced in mortgage administration and equity loan products. Small and medium-sized enterprises (SMEs) are encouraged to participate, as the procurement seeks to gather insights from various stakeholders. Companies that can adeptly navigate the customer journey for loan products, handle borrower inquiries, and manage the associated financial services will be well-suited for this contract, promoting growth and expansion within their operations.

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Notice Title

Homes England - Help to Buy Mortgage Administration

Notice 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

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9a0b256c-ef88-4a98-8df3-accae48f491d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/eb330748-aaf1-4d89-ab4b-26ff3828f2f5
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 Feb 20206 years ago
Submission Deadline
Not specified
Future Notice Date
2 Mar 2020Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WESTMINSTER
Postcode
SW1H 0TL
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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