Sale of Equity Loan Portfolio – Market Testing
Currently the portfolio is managed by a third party and the Council wish to explore the option of selling the portfolio (redemption value circa £9m).
P0260 Sale of Equity Loan Portfolio – Market Testing
Birmingham City Council invites organisations to complete the attached market testing document.
The West Midlands Kick Start Partnership was set up by the West Midlands Conurbation Authorities in 2003 and funded by private sector renewal funding. The role of the Partnership included the commissioning and performance management of services to both provide loan finance to vulnerable owner occupiers to improve their homes and to manage the resulting loan portfolio on behalf of Local Authorities.
In October 2010 the Coalition government announced the findings of its comprehensive spending review. As a result, direct budget allocation for private sector housing renewal was removed at a Regional level and as a consequence funding allocation to the Partnership ceased from the end of the financial year 2010/11.
Currently the portfolio is managed by a third party and the Council wish to explore the option of selling the portfolio (redemption value circa £9m). To this end it is carrying out a market testing exercise. If you are interested in this opportunity then please complete the attached Market testing document and return by 13th April 2015 to the email address given in the document.
13th April 2015.
Central bank services.
Financial consultancy services.
Financial consultancy, financial transaction processing and clearing-house services.
Financial market operational services.
Financial markets administration services.
Financial transaction processing and clearing-house services.
Loan brokerage services.
Address: Birmingham City Council, PO Box 10680, Birmingham, B4 7WB
Tel:CPS Helpdesk: 0121 464 8000