# BT1726 Insurance for 19 Shared Ownership Properties

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [Luton Council](/buyers/luton-council/contract-awards)
- Tender value: £30,000
- Published: 20 August 2024
- Planned start: 1 April 2025
- Planned end: 31 March 2028
- Stage: open_tender
- Procurement category: services
- Notice ID: e113f594-4769-46e7-8157-6098b5b4de79-778782
- OCID: ocds-b5fd17-535efed6-a880-4e79-b9c8-8edeb3d16963

## 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

## Related contract awards

- [AT1506 - Data Security Platform](/contracts/ocds-b5fd17-1ee162ab-1274-4d8e-b15a-186dc8499ce5): Luton Council
- [BT1915 - Revenues&Benefits DBA Support](/contracts/ocds-b5fd17-606f4677-cec6-4dd2-9be0-48c9a0e61324): Luton Council
- [BT1902 CM - Electronic Care Monitoring, Management & Scheduling](/contracts/ocds-b5fd17-129ca3d4-277b-4d7d-925f-ebc702248706): Luton Council

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/e113f594-4769-46e7-8157-6098b5b4de79-778782)