First Home Loan Deposit Scheme
In May 2019 the Australian Government announced the First Home Loan Deposit Scheme (the Scheme) to support eligible first home buyers purchase a home faster.
Procurement process for lenders
In October 2019, NHFIC commenced a procurement process to establish an initial panel of lenders to participate in the Scheme. NHFIC invited residential mortgage lenders to respond to a Request for Proposal (RFP), against which respondents were assessed for participation in the Scheme.
Respondents were evaluated for participation in the Scheme against a range of criteria, which have been informed by consultations undertaken with a broad range of financial institutions, brokers and peak bodies. Consistent with the draft Investment Mandate in relation to the Scheme, these criteria include, but are not limited to, aspects of customer care, the competitiveness of loan products and regional reach.
NHFIC intends to periodically provide opportunities for lenders to apply to join the panel.
The RFP documentation is available for download below:
Responses to the RFP are now closed. NHFIC thanks all those who responded to the RFP.
Answers to RFP questions
Clarifications in relation to the RFP will be published here on a non-attributable basis.
|Can Respondents make changes to the Respondent's Deed?
It is a mandatory requirement for Respondents to include a completed and signed Respondent's Deed with their Submission (paragraph 9.3.1). An addendum to the RFP, including a revised Respondent's Deed, has been uploaded to the NHFIC website. The deed has been amended to: