Leaseholder Building Insurance Policy

Buyer

Reading Borough Council

Value

£567,000

Closes

25 November 2026

Where

Reading, the North East

Type

Open tender

In plain English

Reading Borough Council is buying buildings insurance for 259 leasehold properties (mainly flats and maisonettes) where the council still owns the freehold. The council needs to arrange this insurance to meet its legal duties as landlord and will pass the cost to leaseholders through service charges. Only insurance companies can bid, not insurance brokers.

What the buyer wants

• Provide third-party property buildings insurance cover for 229 Right to Buy properties, 13 Shared Ownership houses, 1 mortgaged property, and 16 garages • Handle claims and risk management on behalf of the council as freeholder • Ensure compliance with lease terms and landlord responsibilities for insuring the building structure

Likely requirements

Our reading of the notice. Always check the tender documents.

This contract is for insurance underwriters only: if you are an insurance broker, consultant, or tradesperson, you cannot bid. You must be a licensed insurer regulated by the Financial Conduct Authority.

How to bid

This is an open tender: any eligible business can respond directly to the buyer by the deadline, with no framework membership needed.

How to write a tender response

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