---
title: "Provision of Insurance Services for Leasehold Right to Buy Property (excluding provision of insurance broker service)"
ocid: "ocds-b5fd17-1f17811a-ec87-4224-8684-a94d11ac7cfc"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-1f17811a-ec87-4224-8684-a94d11ac7cfc"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-1f17811a-ec87-4224-8684-a94d11ac7cfc.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-1f17811a-ec87-4224-8684-a94d11ac7cfc.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "LONDON BOROUGH OF HACKNEY"
published: "2021-04-23"
---

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

Buyer: LONDON BOROUGH OF HACKNEY  
Current stage: Award  
OCID: ocds-b5fd17-1f17811a-ec87-4224-8684-a94d11ac7cfc

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## Summary

The London Borough of Hackney is inviting bids for the provision of insurance services for leasehold properties under the title "Provision of Insurance Services for Leasehold Right to Buy Property." This procurement falls within the industry category of insurance services, and the contract period will commence from 1 April 2021 and extend until 31 March 2024. The tender process is currently at the award stage, having been awarded on 22 March 2021, with a budget of £2,269,444.46. The procurement method used is the open procedure, and the tender's deliverables encompass properties primarily located in Hackney, England, which have been sold on a leasehold basis.

This tender presents significant opportunities for businesses specializing in insurance services, particularly those with expertise in property insurance for residential dwellings. Companies well-suited to compete for this contract include large insurance providers and firms that can manage comprehensive insurance arrangements, including cover for mortgaged and shared ownership properties. The awarded contract highlights a solid financial commitment from the council, reflecting a reliable prospect for sustained business engagement over the contract period.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/9f5334a0-96e8-42b8-a57d-0c2d9abdaa20 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Apr 2021 |
| Submission deadline | 16 Sep 2020 |
| Future notice date | Not specified |
| Award date | 22 Mar 2021 |
| Contract period | 31 Mar 2021 - 31 Mar 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £10,000,000 |
| Lots value | Not specified |
| Awards value | £2,269,444 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LONDON BOROUGH OF HACKNEY |
| Locality | HACKNEY |
| Post town | East London |
| Postcode | E8 1DY |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI41 Hackney and Newham |
| Local authority | Hackney |
| Electoral ward | Hackney Central |
| Westminster constituency | Hackney South and Shoreditch |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | OASO |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 23 Apr 2021 at 10:24 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/9f5334a0-96e8-42b8-a57d-0c2d9abdaa20

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/9f5334a0-96e8-42b8-a57d-0c2d9abdaa20
  23rd April 2021 - Awarded contract notice on Contracts Finder
- https://procontract.due-north.com/Advert?advertId=87a394c3-fdd6-ea11-8104-005056b64545
  Advert

## Notice URLs

- http://www.hackney.gov.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-1f17811a-ec87-4224-8684-a94d11ac7cfc. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-1f17811a-ec87-4224-8684-a94d11ac7cfc.json.