Award of Help to Buy Mortgage Administration Services to Equiniti Group plc

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Homes England (the name adopted by the Homes and Communities Agency) awarded a contract to Equiniti Group plc for the administration of loans entered into by borrowers participating in Government home ownership schemes, principally the Help to Buy Equity Mortgage Scheme and the proposed Help to Buy First Time Buyers scheme starting in April 2021, as well as legacy schemes including the London wide initiative, first time buyers initiative, HomeBuy Direct (including Kick Start), and FirstBuy.

The procurement covered the delivery of services through separate lots: a systems supplier for processing equity loans, an operations supplier to manage the loan book and handle customer enquiries, or a provider to deliver combined services.

The estimated value of £30,000,000 is for the initial 5-year term (60 months), with an option to extend by up to a further 5 years (60 months).