Source: https://tendernation.io/opportunities/01a13c57-41af-7313-9f14-97cc99f052d2/provision-of-insurance-services-for-leasehold-right-to-buy-property-excluding-p

awarded GB open procedure

# Provision of Insurance Services for Leasehold Right to Buy Property (excluding provision of insurance broker service)

[London Borough of Hackney](https://tendernation.io/buyers/london-borough-of-hackney)

Estimated value

£10,000,000

Published

23 Apr 2021

Deadline

Closed

16 Sept 2020

## Who can bid

- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

## About this tender

The current Long Term Agreement expires on 31 March 2021. The London Borough of Hackney

invites bids for the provision of its property insurance in respect of private dwellings sold on a

leasehold basis (the majority of these were sold under the Right to Buy (RTB) legislation). In

addition, cover is to include mortgaged properties and some shared ownership where the

Council has agreed to continue the insurance arrangements.

The dwellings can include houses and bungalows but are generally flats in blocks and flats in

houses (maisonettes) where the council retains the freehold ownership and the lease states that

the council, as freeholder, will arrange the buildings insurance on behalf of the leaseholder. The

premium is to be re-charged by the Council as part of the annual service charge. It should be

noted that other flats in the same block (or blocks) may not have been sold and remain council

owned and tenanted, these properties are insured separately of this insurance arrangement.

## CPV classification

Insurance services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/1f17811a-ec87-4224-8684-a94d11ac7cfc)

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