Property Insurance - Leasehold Flats and Mortgaged Properties
This is a contract result notice, not an open opportunity. Details from the official award data.
This sits below the typical range for Financial & Insurance Services contracts — a smaller, more accessible award. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.
Reading Borough 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 Housing Act 1985.
The dwellings are flats in blocks and flats in houses (maisonettes) where the Council still retain the freehold ownership and the leases 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.
In addition There are 4 Shared Ownership Houses (5 Dee Road, 8 Dover Street, 57 Field Road, 12 Norwich Drive) which have different leases, plus one Mortgaged property (1 St Elizabeth Close).
There are 9 Shared Ownership Houses (in Field Rd & Garnet Hill).
These are identified on the schedule.
17 detached garages that are leased to RTB leaseholders are included in the schedule.
There are no freehold properties.
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- OCID
- 13aa72c0-b072-4aa4-8e3a-d95280f00453
- Stage
- contract · Contract
- Source
- Contracts Finder
- Buyer ref
- RBC 00000674
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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