Homes England Charged Bank Account

Location

United Kingdom:

Description

Homes England are looking to procure a charged bank account service using defined minimum criteria which enables Homes England to be co-signatory alongside customers using an online platform.

Total Quantity or Scope

As security for our investments placed with borrowing entities, our borrowers are required to secure to us the bank account through which they receive and recycle sales proceeds on their development. The accounts are secured to us through a fixed charge and assignment, most often through a debenture over all company books and assets. The accounts are opened by our borrowers (in their own name) but are to be operated on a joint signatory basis between Homes England and the borrower, in the absence of any enforcement action. A notice of charge and assignment is served by the borrower upon the bank and requires acknowledgement to Homes England and the borrower of the content within – notably signatory requirements and waiver of any right of set-off over the account.

Award Detail

Renewal Options

Price is not the only award criterion and all criteria are stated only in the procurement documents

Award Criteria

CPV Codes

• 66000000 - Financial and insurance services

Indicators

• Options are available.

Other Information

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