Leasehold Insurance

South Tyneside Borough Council

Published: May 1, 2026

Updated: May 18, 2026

Source: uk_fts

This tender has been awarded

Awarded to The Aspen Group of companies (Aspen) is part of the Sompo Group — £135,677

Browse open Finance & Banking tenders in United Kingdom

About This Opportunity

Leasehold Insurance — services contract awarded in United Kingdom by South Tyneside Borough Council. Awarded to The Aspen Group of companies (GBP 136K, Mar.

This is a services contract in the finance and banking sector. Located in United Kingdom, Europe, this opportunity is open to firms and consortiums.

Published through UK FTS - Find a Tender Service, a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the finance and banking sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. This contract has already been awarded. The information is published for transparency and market intelligence purposes.

Description

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

Data provenance

This notice is sourced from UK FTS - Find a Tender Service and was originally published on May 1, 2026. Last refreshed 38 days ago. Reference: 040643-2026. BidsFactory mirrors official procurement notices and links back to the source for full legal text.

About South Tyneside Borough Council

South Tyneside Borough Council has issued 45 procurement notices on BidsFactory, including 3 currently open and 39 awarded contracts. Activity concentrates in Governance & Public Administration, Construction & Civil Works, and General Supplies & Services. All notices are published for United Kingdom. Notices are distributed via UK FTS - Find a Tender Service. Most recent publication: June 15, 2026.

Frequently asked questions about this tender

Is this tender still open?

No — the contract has already been awarded to The Aspen Group of companies (Aspen) is part of the Sompo Group. The award notice is archived on BidsFactory for transparency and market intelligence.

Who is the contracting authority?

This notice was issued by South Tyneside Borough Council in United Kingdom. The authority is responsible for evaluating bids, awarding the contract, and managing performance.

What type of contract is this?

This is a Services contract in the Finance & Banking sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.

How much was the contract awarded for?

The Aspen Group of companies (Aspen) is part of the Sompo Group was awarded the contract for £135,677. The figure reflects the value disclosed by the contracting authority in the award notice.

Where will the contract be performed?

The contract is for delivery in United Kingdom. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.

How can I submit a bid?

Visit UK FTS - Find a Tender Service to access the full notice, required documents, and submission instructions. Quote reference 040643-2026 when communicating with the contracting authority.