Deed of Variation in relation to repairs and maintenance services of building installations

Sovereign Network Homes (SNH) intends to enter into a deed of variation with MCP Property Services Limited, the effect of which will extend the duration of an existing R&M contract between SNH and MCP (the "Underlying Contract") by two (2) months, and which will increase the value of the Underlying Contract by approximately £3,000,000 (three million pounds).

SNH intends to enter into a deed of variation with MCP Property Services Limited, which will extend the duration of an existing repairs and maintenance contract between SNH and MCP (the "Underlying Contract") by two (2) months, and which will increase the value of the Underlying Contract by approximately £3,000,000 (three million, pounds). The contract will now expire on 31 March 2025. The contract is for responsive repairs and void refurbishment works across the legacy SNH stock. The properties covered by this contract include General needs, Shared ownership and Sheltered Housing sites. The contract was originally entered into between MCP and Network Homes Limited. However following an agreement to merge in October 23 between Network Homes Limited and Sovereign Housing Association Limited, Network Homes changed its name to Sovereign Network Homes on the 1st October 2023. This notice and the Deed of Variation will be in he name of Sovereign Network Homes.