Provision of Property Insurance for Leasehold Right to Buy Dwellings by London Borough of Hackney
Awarded 31 Mar 2021
About
London Borough of Hackney awarded a contract to Oaso SA for the provision of property insurance covering private dwellings sold on a leasehold basis, primarily under Right to Buy legislation, including mortgaged properties and some shared ownership where the Council continues insurance arrangements.
The contract, valued at £2,269,444.46, covers buildings insurance for houses, bungalows, flats, and maisonettes where the Council retains freehold ownership and the lease requires the Council to arrange insurance on behalf of leaseholders, with premiums re-charged through annual service charges.
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