Award

Homes England - Help to Buy Mortgage Administration

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

This public procurement record has 3 releases in its history.

Award

04 Nov 2021 at 14:17

Award Notice
Tender

21 Jul 2020 at 10:10

Tender Notice
Tender

21 Jul 2020 at 09:58

Tender Notice
Summary of the contracting process

The procurement process for the "Help to Buy Mortgage Administration" service is being conducted by Homes England, which is based in London, England. This initiative falls under the financial and insurance services category and has an estimated value of £30 million for an initial contract period from 1st March 2021 to 28th February 2026, with the possibility of a five-year extension. The procurement is currently at the award stage, as the contract was awarded on 2nd September 2021, and this follows a restricted procedure, allowing selective participation in the tender process.

This tender presents significant opportunities for businesses in the financial and insurance sectors, particularly those that specialise in mortgage processing and customer service operations. Companies that can provide systems solutions for loan processing or manage loan books while ensuring high-quality customer service would be well-suited to compete in this procurement. Engaging with this contract could enhance business growth by expanding service offerings within government home ownership schemes.

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Notice Information

Notice Title

Homes England - Help to Buy Mortgage Administration

Notice 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).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9fdb811d-e882-422d-8aa1-1e832c3f47e5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d63e10f4-a620-443e-88b0-6c58f4e4b685
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Other -
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£30,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£30,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
4 Nov 20214 years ago
Submission Deadline
19 Aug 2020Expired
Future Notice Date
Not specified
Award Date
1 Sep 20214 years ago
Contract Period
12 Jun 2022 - 12 Jun 2027 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)
Contact Name
David Minto
Contact Email
david.minto@homesengland.gov.uk
Contact Phone
+44 3001234500

Buyer Location

Locality
LONDON
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
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

EQUINITI GROUP

Further Information

Notice Documents

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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