BT1726 Insurance for 19 Shared Ownership Properties
A Tender Notice
by LUTON COUNCIL
- Source
- Contracts Finder
- Type
- Contract (Services)
- Duration
- 3 year
- Value
- £30K
- Sector
- BUSINESS
- Published
- 20 Aug 2024
- Delivery
- 01 Apr 2025 to 31 Mar 2028
- Deadline
- 30 Sep 2024 11:00
Concepts
Location
1 buyer
- Luton Council Luton
Description
Luton Council require buildings insurance for 19 shared ownership mortgaged properties within the borough of Luton. This a statutory and preventative service and this a standalone requirement. The Council have a requirement to provide a discounted buildings insurance to shared owners which is then recharged to the mortgagee by Council. The key outcome is the building insurer needs to be reputable, must comply with the Financial Services and Markets Act 2000 as well as the rules made by the PRA and the FCA. The mortgagees need to be advised of the new costings giving at least 3 months' notice and the renewal date is 01 April 2025. The Provider must be able to provide: • Buildings insurance cover (accidental damage not required) • Payments facility to pay by direct debit
CPV Codes
- 66000000 - Financial and insurance services
Indicators
- Contract is suitable for SMEs.
- Contract is suitable for VCOs.
Reference
- LUTON001-DN739217-71472208
- CF e113f594-4769-46e7-8157-6098b5b4de79