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AwardedAwarded 26 March 2026

Leasehold Insurance

South Tyneside Borough Council · Local authority

In brief

South Tyneside Borough Council awarded financial services work to The Aspen Group of companies (Aspen) is part of the Sompo Group on 26 March 2026.

Built from the notice's own fields. Always check the official notice before you bid.

What the notice says

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

Who won

WinnerValueDates
The Aspen Group of companies (Aspen) is part of the Sompo Group
4 bids received
£135,677

Values as the award notice gives them, excluding VAT where stated.

Timeline

  1. Contract award notice · notice 040643-2026

About the buyer

South Tyneside Borough CouncilLast 12 months

Procurements

85

Awards

65

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From notice 040643-2026 on Find a Tender, first published 1 May 2026. We last checked for changes on 28 September 2026.