# Homes England Charged Bank Account

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [Homes England \(the name adopted by the Homes and Communities Agency\)](/buyers/homes-england-the-name-adopted-by-the-homes-and-communities-agency/contract-awards)
- Published: 12 August 2022
- Planned start: 1 January 2023
- Planned end: 1 January 2025
- Stage: open_tender
- Procurement category: services
- Notice ID: 14165b3e-e19b-4787-a7cb-8cc285edbdb8-563452
- OCID: ocds-b5fd17-0a3fda6c-f708-4d3f-8ac4-62e3eb572f17

## Description

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\.

## Related contract awards

- [Homes England - Legal Framework - 2026-27 Carbon Inventory Support](/contracts/ocds-b5fd17-e8fe9097-7e75-4707-bac8-99ce0485de08): Homes England \(the name adopted by the Homes and Communities Agency\)
- [Homes England - Service Now & Operating Model Assessment](/contracts/ocds-b5fd17-0fcad857-3a2c-4b4b-8668-1db4eddb5279): Homes England \(the name adopted by the Homes and Communities Agency\)
- [National Housing Bank Ltd - Solicitor - Development Loan - Wadebridge](/contracts/ocds-b5fd17-80272dbe-1e8d-43a7-bd2f-60522d604219): Homes England \(the name adopted by the Homes and Communities Agency\)

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/14165b3e-e19b-4787-a7cb-8cc285edbdb8-563452)