Award

NEW FUNDING QUOTATIONS - APPOINTMENT OF LEGAL ADVISORS

GREATWELL HOMES LIMITED

This public procurement record has 1 release in its history.

Award

13 Oct 2025 at 11:06

UK7 - Contract Details Notice
Summary of the contracting process

Greatwell Homes Limited, a sub-central government public authority based in Wellingborough, Northamptonshire, has concluded the procurement process for appointing legal advisors to assist in the review, negotiation, and completion of loan facility documentation and security due diligence for two lenders. The process, which falls under the services category, utilised a limited competition procurement method below the threshold requirements. The contract, awarded to Trowers and Hamlins LLP, a large-scale legal firm located in London, commenced on 26 September 2025 and will end on 25 September 2026. This award follows a recent request for proposals, aiming to complete the new funding work promptly to enable the availability of funds for drawing.

The procurement provides growth opportunities for legal service firms specialising in advisory and representation services for financial and property due diligence, particularly those experienced in working with housing associations or similar entities. Small to large-scale legal businesses that offer competitive services in handling property loan documentation and security due diligence assignments may find future prospects with similar projects from Greatwell Homes or comparable organisations recognising the necessity for detailed financial and property evaluations.

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Notice Information

Notice Title

NEW FUNDING QUOTATIONS - APPOINTMENT OF LEGAL ADVISORS

Notice Description

Greatwell Homes was formed in 2007 following a large-scale voluntary transfer (LSVT) from Wellingborough Borough Council (now part of North Northamptonshire Council). At 31 March 2025 we owned and managed 5,326 properties in and around the Wellingborough area. Greatwell sought to appoint legal advisors to support the review, negotiation and completion of loan facility documentation and security due diligence for two lenders following a recent new funding request for proposals exercise (RfP). There are currently 3,117 properties valued at PS127m existing use value, social housing allocated to Barclays through the Security Trustee arrangement with M&G. It is Greatwell Homes intention to reallocate some of this security to Natwest as there is sufficient to cover both facilities. Most of the properties in the list would have been acquired by Greatwell Homes at transfer in 2007. In addition to the new funding exercise, Greatwell Homes also have a need for further property due diligence support for: *An uplift of the properties allocated to The Pension Insurance Corporation (PIC) through the security trustee, from existing use value, social housing (EUV-SH) to market value subject to tenancy (MV-ST) values (1,033 properties valued at PS46m securing a facility of PS40m); and *A due diligence health check on our unencumbered property portfolio with a view to aide future charging into the security trustee (971 properties) Greatwell Homes invited quotations from interested parties to support with this work. All bidders could quote separately for either (1) the loan documentation or (2) the property security or for both exercises. Greatwell Homes would like to complete the new funding work as soon as is practically possible to have the funds available to draw therefore this work is the priority. This RFP is provided on the same basis to all organisations. To view this notice, please click here: https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=986496815

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05ae23
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/064698-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79110000 - Legal advisory and representation services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£38,380 Under £100K

Notice Dates

Publication Date
13 Oct 20254 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
24 Sep 20255 months ago
Contract Period
25 Sep 2025 - 25 Sep 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
GREATWELL HOMES LIMITED
Contact Name
Julie Robinson
Contact Email
julie.robinson@greatwellhomes.org.uk
Contact Phone
Not specified

Buyer Location

Locality
WELLINGBOROUGH, NORTHAMPTONSHIRE,
Postcode
NN8 4AD
Post Town
Northampton
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF25 North Northamptonshire
Delivery Location
Not specified
Local Authority
North Northamptonshire
Electoral Ward
Finedon
Westminster Constituency
Wellingborough and Rushden

Supplier Information

Number of Suppliers
1
Supplier Name

TROWERS AND HAMLINS

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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