# Property Insurance: Leasehold Flats, Shared Ownership and Mortgaged Properties

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [London Borough of Hackney](/buyers/london-borough-of-hackney/contract-awards)
- Tender value: £11,220,260
- Published: 11 September 2023
- Planned start: 1 April 2024
- Planned end: 31 March 2027
- Stage: open_tender
- Procurement category: services
- Notice ID: 0cfa924e-4041-452f-85aa-62d068d4bede-679249
- OCID: ocds-b5fd17-d027d928-2f37-4fcf-8e60-d688d92288db

## Description

The current policy contract expires on 31 March 2023\. 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 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 in some case the leases may state that the Council, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the Service Charge\. Other flats in some blocks have not been sold \(Council tenanted\) and are separately insured so insurance cover for these flats are not required\. Cover is expected to commence at 00\.01am on the 1st April 2024\.

## Related contract awards

- [Children's Integrated Speech and Language Therapy Service Interim Contract](/contracts/ocds-b5fd17-e62ec7d6-f677-41f3-87c1-bfda0f6ddd72): London Borough of Hackney
- [Waste Materials Handler 2026](/contracts/ocds-b5fd17-0d53c8b2-2246-4b47-a0a9-a22cca677fcd): London Borough of Hackney
- [DN815224 Lift Consultant - Project Manager](/contracts/ocds-b5fd17-00042cd1-1877-4626-b1e5-2aa1469debf9): London Borough of Hackney

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/0cfa924e-4041-452f-85aa-62d068d4bede-679249)