--- title: "Leasehold Insurance" ocid: "ocds-h6vhtk-06908c" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06908c" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06908c.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06908c.json" source: "Find A Tender Service" current_stage: "Award" buyer: "SOUTH TYNESIDE BOROUGH COUNCIL" published: "2026-05-01" --- # Leasehold Insurance Buyer: SOUTH TYNESIDE BOROUGH COUNCIL Current stage: Award OCID: ocds-h6vhtk-06908c [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06908c) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-06908c.json) ## Summary The South Tyneside Borough Council is at the award stage of its procurement process for the provision of leasehold insurance services. This procurement process, identified by the tender ID F8076, falls under the industry category of financial and insurance services. The council, a regional or local authority in the United Kingdom, has invited tenders for insuring private dwellings sold on a leasehold basis. These properties are primarily located in South Tyneside and include flats in blocks and maisonettes. The procurement method was a limited procedure without prior publication of a call for competition. The insurance cover is scheduled to commence on 1st April 2026, with the contract already being signed with a total value of £135,676.50 and awarded to The Aspen Group of companies, part of the Sompo Group. This tender presents a significant opportunity for businesses specialising in financial and insurance services to engage with public sector clients and expand their portfolio. Companies that excel in policy cover, claims handling, and can offer added value and innovation are well-suited to compete in such tenders. With a substantial award criterion focusing on price, this procurement is particularly appealing to firms that can deliver cost-effective solutions while maintaining a high standard of service. Moreover, the geographic coverage for insurance services spans several UK regions, offering extensive exposure and the potential for long-term partnerships with the South Tyneside Borough Council. ## Notice The current Long Term Agreement expires on 31st March 2026. South Tyneside Council 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. The dwellings are flats in blocks and flats in houses (maisonettes) where South Tyneside still retain the freehold ownership and in some case the leases may state that South Tyneside 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. In addition, there are a small number of Mortgaged Properties i.e. properties for which the mortgage was granted by the Contracting Authority. Cover is expected to commence at 00.01am on the 1st April 2026 ### Lot Information Lot 1 The current Long Term Agreement expires on 31st March 2026. South Tyneside Council 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. The dwellings are flats in blocks and flats in houses (maisonettes) where South Tyneside still retain the freehold ownership and in some case the leases may state that South Tyneside 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. In addition, there are a small number of Mortgaged Properties i.e. properties for which the mortgage was granted by the Contracting Authority. Cover is expected to commence at 00.01am on the 1st April 2026 ### Procurement Information Further Competition via YPO Insurance Placement DPS Ref. No: 001198 ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/040643-2026 | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Limited | | Procurement method details | Award procedure without prior publication of a call for competition | | Tender suitability | Not specified | | Awardee scale | Large | | All stages | Award | ## Dates | Field | Value | | --- | --- | | Publication date | 1 May 2026 | | Submission deadline | Not specified | | Future notice date | Not specified | | Award date | 26 Mar 2026 | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | £135,676 | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Cancelled | | Awards status | Active | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | SOUTH TYNESIDE BOROUGH COUNCIL | | Locality | SOUTH SHIELDS | | Post town | Newcastle upon Tyne | | Postcode | NE33 2RL | | Country | England | | ITL 1 | TLC North East (England) | | ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear | | ITL 3 | TLC43 Tyneside | | Local authority | South Tyneside | | Electoral ward | Beacon and Bents | | Westminster constituency | South Shields | | Delivery location | TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England) | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | THE ASPEN GROUP OF COMPANIES (ASPEN) IS PART OF THE SOMPO GROUP | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 1 May 2026 at 14:07 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/040643-2026 ## Notice URLs - http://www.southtyneside.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-h6vhtk-06908c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06908c.json.