Privacy Policy
BACKGROUND:
Property118 Ltd understands that your privacy is important to you and that you care about how your personal data is used and shared online. We respect and value the privacy of everyone who visits this website,
www.property118.com (“Our Site”) and will only collect and use personal data in ways that are described here, and in a manner that is consistent with Our obligations and your rights under the law.
Please read this Privacy Policy carefully and ensure that you understand it. Your acceptance of Our Privacy Policy is deemed to occur upon your first use of Our Site
. If you do not accept and agree with this Privacy Policy, you must stop using Our Site immediately.
- Definitions and Interpretation
In this Policy the following terms shall have the following meanings:
| “Account” |
means an account required to access and/or use certain areas and features of Our Site; |
| “Cookie” |
means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below; |
| “Cookie Law” |
means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003; |
| “personal data” |
means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and |
| “We/Us/Our” |
Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB. |
- Information About Us
- Our Site is owned and operated by Property118 Ltd, a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.
- Our VAT number is 990 0332 34.
- Our Data Protection Officer is Neil Patterson, and can be contacted by email at npatterson@property118.com, by telephone on 01603 489118, or by post at 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.
- What Does This Policy Cover?
This Privacy Policy applies only to your use of Our Site. Our Site may contain links to other websites. Please note that We have no control over how your data is collected, stored, or used by other websites and We advise you to check the privacy policies of any such websites before providing any data to them.
- Your Rights
- As a data subject, you have the following rights under the GDPR, which this Policy and Our use of personal data have been designed to uphold:
- The right to be informed about Our collection and use of personal data;
- The right of access to the personal data We hold about you (see section 12);
- The right to rectification if any personal data We hold about you is inaccurate or incomplete (please contact Us using the details in section 14);
- The right to be forgotten – i.e. the right to ask Us to delete any personal data We hold about you (We only hold your personal data for a limited time, as explained in section 6 but if you would like Us to delete it sooner, please contact Us using the details in section 14);
- The right to restrict (i.e. prevent) the processing of your personal data;
- The right to data portability (obtaining a copy of your personal data to re-use with another service or organisation);
- The right to object to Us using your personal data for particular purposes; and
- If you have any cause for complaint about Our use of your personal data, please contact Us using the details provided in section 14 and We will do Our best to solve the problem for you. If We are unable to help, you also have the right to lodge a complaint with the UK’s supervisory authority, the Information Commissioner’s Office.
- For further information about your rights, please contact the Information Commissioner’s Office or your local Citizens Advice Bureau.
- What Data Do We Collect?
Depending upon your use of Our Site, We may collect some or all of the following personal data (please also see section 13 on Our use of Cookies and similar technologies):
- Name;
- Date of birth;
- Address and post code;
- Business/company name and trading status;
- Number of properties owned;
- Accountants details;
- Contact information such as email addresses and telephone numbers;
- Proof of residence and ID;
- Financial information such as income and tax status;
- Landlords insurance renewal dates;
- Property Portfolio details such as value and mortgage outstanding;
- How Do We Use Your Data?
- All personal data is processed and stored securely, for no longer than is necessary in light of the reason(s) for which it was first collected. We will comply with Our obligations and safeguard your rights under the GDPR at all times. For more details on security see section 7, below.
- Our use of your personal data will always have a lawful basis, either because it is necessary for our performance of a contract with you, because you have consented to our use of your personal data (e.g. by subscribing to emails), or because it is in our legitimate interests. Specifically, we may use your data for the following purposes:
- Providing and managing your access to Our Site;
- Supplying our products and or services to you (please note that We require your personal data in order to enter into a contract with you);
- Personalising and tailoring our products and or services for you;
- Replying to emails from you;
- Supplying you with emails that you have opted into (you may unsubscribe or opt-out at any time by the unsubscribe link at the bottom of all emails;
- Analysing your use of our site and gathering feedback to enable us to continually improve our site and your user experience;
- Provide information to our partner service and product suppliers at your request.
- With your permission and/or where permitted by law, We may also use your data for marketing purposes which may include contacting you by email and or telephone with information, news and offers on our products and or We will not, however, send you any unsolicited marketing or spam and will take all reasonable steps to ensure that We fully protect your rights and comply with Our obligations under the GDPR and the Privacy and Electronic Communications (EC Directive) Regulations 2003.
- You have the right to withdraw your consent to us using your personal data at any time, and to request that we delete it.
- We do not keep your personal data for any longer than is necessary in light of the reason(s) for which it was first collected. Data will therefore be retained for the following periods (or its retention will be determined on the following bases):
- Member profile information is collected with your consent and can be amended or deleted at any time by you;
- Anti-Money Laundering information and tax consultancy records are to be kept as required by law for up to seven years.
- How and Where Do We Store Your Data?
- We only keep your personal data for as long as We need to in order to use it as described above in section 6, and/or for as long as We have your permission to keep it.
- Some or all of your data may be stored outside of the European Economic Area (“the EEA”) (The EEA consists of all EU member states, plus Norway, Iceland, and Liechtenstein). You are deemed to accept and agree to this by using our site and submitting information to Us. If we do store data outside the EEA, we will take all reasonable steps to ensure that your data is treated as safely and securely as it would be within the UK and under the GDPR
- Data security is very important to Us, and to protect your data We have taken suitable measures to safeguard and secure data collected through Our Site.
- Do We Share Your Data?
- We may share your data with other partner companies in for the purpose of supplying products or services you have requested.
- We may sometimes contract with third parties to supply products and services to you on Our behalf. Where any of your data is required for such a purpose, We will take all reasonable steps to ensure that your data will be handled safely, securely, and in accordance with your rights, Our obligations, and the obligations of the third party under the law.
- We may compile statistics about the use of Our Site including data on traffic, usage patterns, user numbers, sales, and other information. All such data will be anonymised and will not include any personally identifying data, or any anonymised data that can be combined with other data and used to identify you. We may from time to time share such data with third parties such as prospective investors, affiliates, partners, and advertisers. Data will only be shared and used within the bounds of the law.
- In certain circumstances, We may be legally required to share certain data held by Us, which may include your personal data, for example, where We are involved in legal proceedings, where We are complying with legal requirements, a court order, or a governmental authority.
- What Happens If Our Business Changes Hands?
- We may, from time to time, expand or reduce Our business and this may involve the sale and/or the transfer of control of all or part of Our business. Any personal data that you have provided will, where it is relevant to any part of Our business that is being transferred, be transferred along with that part and the new owner or newly controlling party will, under the terms of this Privacy Policy, be permitted to use that data only for the same purposes for which it was originally collected by Us.
- How Can You Control Your Data?
- In addition to your rights under the GDPR, set out in section 4, we aim to give you strong controls on Our use of your data for direct marketing purposes including the ability to opt-out of receiving emails from Us which you may do by unsubscribing using the links provided in Our emails.
- Your Right to Withhold Information
- You may access certain areas of Our Site without providing any data at all. However, to use all features and functions available on Our Site you may be required to submit or allow for the collection of certain data.
- You may restrict Our use of Cookies. For more information, see section 13.
- How Can You Access Your Data?
You have the right to ask for a copy of any of your personal data held by Us (where such data is held). Under the GDPR, no fee is payable and We will provide any and all information in response to your request free of charge. Please contact Us for more details at info@property118.com, or using the contact details below in section 14.
- Our Use of Cookies
- Our Site may place and access certain first party Cookies on your computer or device. First party Cookies are those placed directly by Us and are used only by Us. We use Cookies to facilitate and improve your experience of Our Site and to provide and improve Our products AND/OR We have carefully chosen these Cookies and have taken steps to ensure that your privacy and personal data is protected and respected at all times.
- All Cookies used by and on Our Site are used in accordance with current Cookie Law.
- Before Cookies are placed on your computer or device, you will be shown a cookie prompt requesting your consent to set those Cookies. By giving your consent to the placing of Cookies you are enabling Us to provide the best possible experience and service to you. You may, if you wish, deny consent to the placing of Cookies; however certain features of Our Site may not function fully or as intended. You will be given the opportunity to allow only first party Cookies and block third party Cookies.
- Certain features of Our Site depend on Cookies to function. Cookie Law deems these Cookies to be “strictly necessary”. These Cookies are shown below in section 13.5. Your consent will not be sought to place these Cookies, but it is still important that you are aware of them. You may still block these Cookies by changing your internet browser’s settings as detailed below in section 13.9, but please be aware that Our Site may not work properly if you do so. We have taken great care to ensure that your privacy is not at risk by allowing them.
- The following first party Cookies may be placed on your computer or device:
| Name of Cookie |
Purpose |
Strictly Necessary |
| JSESSIONID |
Used only to collect performance data, with any identifiable data obfuscated |
No |
| __cfduid |
This cookie is strictly necessary for Cloudflare's security features and cannot be turned off. |
Yes |
- Our Site uses analytics services provided by Google Analytics and Facebook. Website analytics refers to a set of tools used to collect and analyse anonymous usage information, enabling Us to better understand how Our Site is used. This, in turn, enables Us to improve Our Site and the products AND/OR services offered through it. You do not have to allow Us to use these Cookies, however whilst Our use of them does not pose any risk to your privacy or your safe use of Our Site, it does enable Us to continually improve Our Site, making it a better and more useful experience for you.
- The analytics service(s) used by Our Site use(s) Cookies to gather the required information.
- The analytics service(s) used by Our Site use(s) the following Cookies:
| Name of Cookie |
First / Third Party |
Provider |
Purpose |
| __utma, __utmb, __utmc, __utmt, __utmz |
First |
Google |
Helps to understand how their visitors engage with our website |
| _fbp |
First |
Facebook |
Helps to understand how their visitors engage with our website |
- In addition to the controls that We provide, you can choose to enable or disable Cookies in your internet browser. Most internet browsers also enable you to choose whether you wish to disable all cookies or only third party cookies. By default, most internet browsers accept Cookies but this can be changed. For further details, please consult the help menu in your internet browser or the documentation that came with your device.
- You can choose to delete Cookies on your computer or device at any time, however you may lose any information that enables you to access Our Site more quickly and efficiently including, but not limited to, login and personalisation settings.
- It is recommended that you keep your internet browser and operating system up-to-date and that you consult the help and guidance provided by the developer of your internet browser and manufacturer of your computer or device if you are unsure about adjusting your privacy settings.
- Contacting Us
If you have any questions about Our Site or this Privacy Policy, please contact Us by email at info@property118.com, by telephone on 01603 489118, or by post at 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB. Please ensure that your query is clear, particularly if it is a request for information about the data We hold about you (as under section 12, above).
- Changes to Our Privacy Policy
We may change this Privacy Policy from time to time (for example, if the law changes). Any changes will be immediately posted on Our Site and you will be deemed to have accepted the terms of the Privacy Policy on your first use of Our Site following the alterations. We recommend that you check this page regularly to keep up-to-date.
Roger Stott
12:19 PM, 20th August 2016, About 8 years ago
Reply to the comment left by "Mark Alexander" at "20/08/2016 - 11:47":
Point taken. I think in my case it comes from working in the S++t holes of the planet for extended periods and knowing there is a place for me to come back to that doesn't change.
Boring old world if we were all the same, eh?
Mark Alexander - Founder of Property118
12:49 PM, 20th August 2016, About 8 years ago
Reply to the comment left by "Paul H" at "20/08/2016 - 12:18":
Hi Paul
I feel your pain, it was that de-cluttering exercise that prevented me from doing what I have done for years.
It made me feel sick to think about it because I hadn't a clue where to start.
In the end, I made the decision, booked the flights, told everybody I was off and even arranged the leaving party. Having a big ego I knew that losing face by backing out would be worse for me than getting on with what had to be done.
You hit the nail on the head when you used the worth "ruthless", you have to be!
However, once you have committed and you start getting rid of all the crap you have accumulated it really does get easier. In fact, I'd go so far as to say it is liberating!
We got to the stage that we filled every local charity shop. We hired a van and two guys to take a load of stuff to the local auction sale rooms and sold everything without a reserve.
We got a local scrap merchant to collect all the metal we had accumulated. The deal was that he had to take the old broken fridges we had accumulated even though he didn't want them. I didn't tell him there were nine of them until he had half filled his lorry and he realised he was onto a winner. You think you've collected a lot of crap? We had 21 rooms and several outbuildings on five acres of land full of it. It all went.
The last thing I got around to were bedside drawers and cabinets. I had two boxes and a plastic bag. I could only keep what fitted into the plastic bag. The boxes were bin or charity. We needed a lot of boxes!
There were still some things we could have been more ruthless about. I decided we would not hire a container and that if it didn't go in a case we wouldn't take it. We ended up with 13 suitcases LOL, many of them full of my wife's shoes and handbags as you might have guessed.
What I can assure you of is that if the logistics of the move are your main concern now then you are so so close. That said, it still took me years to make the move having got to that point and during those wasted years I invented many more excuses for my lack of action. I now regret that, don't make the same mistake, "just do it" as the famous slogan goes!
Now I am truly free 😀
Craig Rennolds
14:43 PM, 20th August 2016, About 8 years ago
Hi Mark,
Just one quick question-if I was to incorporate abroad,say Malta or Cyprus, would I be able to escape CG tax and take a dividend through the company at 5%,depending on the tax regime in the selected country? Any idea on incorporation costs?
Craig
Mark Alexander - Founder of Property118
15:12 PM, 20th August 2016, About 8 years ago
Reply to the comment left by "Craig Rennolds" at "20/08/2016 - 14:43":
Hi Craig
If you get your timings right then you could certainly save a huge chunk of CGT on incorporation by becoming resident in one of those Countries.
Remember that CGT would be payable on gains since April 2015 though and that SDLT would be unavoidable unless you are incorporating a partnership.
You then need to consider your mortgages. Whether you refinance or use a BICT at the point of incorporation there will be a cost.
What you will need is professional advice before you commit to anything. It is vital that your team of advisers have somebody to help create a holistic overview of potential strategies and for you to understand all costs, options, timings etc. before you can make a commercial decision.
Also remember that for at least five years you will be restricted to visiting the UK to somewhere between 14 and 90 days in any rolling 365 day period in order to maintain your tax exile status and any benefit you have gained from it.
I don't know how UK dividend income is taxes in Cyprus, the 5% I've quoted is the rate in Malta.
Craig Rennolds
15:45 PM, 20th August 2016, About 8 years ago
Hi Mark,
Thanks very much for the advice, I will speak to Pacific Group and get more insight into these issues. I know Pacific accountants were your accountants, and they seem to be pretty good.
Enjoy Malta -I'm sure you will!
Kind regards,
Craig
tony
16:36 PM, 20th August 2016, About 8 years ago
I fully agree with Mark home ownership is completely over rated.
I purchased my home 9 years ago and in the past 3 years I have regretted it deeply. I made the big mistake of buying a shared ownership property, which was not through choice, but due to the fact that I am a single parent, self employed and could not afford to purchase a property 100%
I am happy that I purchased other properties for rental income which go towards my investment portfolio and financial security.
but owning my own home has caused me no end of problems stress and expense which I did`nt have to go through before when I was renting.
I am unable to sell the property move out also I can`t rent it.
out. so basically I am trapped in a home I no longer wish to live in. This is due to the housing association accusing me of fraud, for owning other properties which I purchased one prior and another since buying my own home.
These bastards expect me to surrender the lease,give up money I paid towards mortgage payments made over the past 9 years ,including my deposit also the equity.Last but not least they even want me to pay the mortgage balance after moving out.Their attitude is oh its my lose. Unbelievable!
So this proves that not just home ownership but shared ownership is a big milestone around the neck, as well as being detrimental to your life health and piece of mind.
One more thing since ive lived in the place which was newly built when I bought, I have had to pay out for no end of repairs such as boiler repairs plumbing and windows frames.All of this would have been down to the landlord if I was renting.
Yvonne Francis
17:38 PM, 20th August 2016, About 8 years ago
Hi
I guess you are all too young, childless or what ever but home ownership can give your inheritors one million free of Inheritance tax if you are married or half a million if you are not, which is above the standard tax allowance. How anyone with the capacity to buy would want to rent with all the lack of freedoms, restricted tenancies due to tenancy laws and whims of landlords is beyond belief, if you want to stay, as I would, in this country.
Mark Alexander - Founder of Property118
18:31 PM, 20th August 2016, About 8 years ago
Reply to the comment left by "Yvonne Francis" at "20/08/2016 - 17:38":
Hi Yvonne
I will be a grandfather later this year so I can assure you I'm no spring chicken. However, I do like to think of myself as young at heart and modern thinking, and my wife and I have given a lot of thought to the point you have raised.
It is theoretically true that you could have a £500,000 IHT allowance on your private dwelling house and double that if you are married and structure your Last Will & Testament correctly. However, everybody leaves the first £325,000 free of IHT, the £500,000 isn't extra to that, it's part of it.
Your home may not be worth £500,000 or £1 million and even if it is, you might not just drop down dead instantly one day. Most don't, they need long term care first and the family home is generally used to pay for that. Why do you think the Government want everybody to be a homeowner?
When my wife and I went though the de-cluttering exercise when leaving our home of 13 years we agreed that we wouldn't wish that on our loved ones, especially with the emotional baggage that would go with it immediately after our deaths. Not only was the de-cluttering exercise soul cleansing for us, we also prevented our loved ones having to deal with it at a later stage. We vowed never to get ourselves back into the position they would have been left in. Instead, we will leave our loved ones with memories, experiences, and to help them to build at least one viable business whilst we are still alive. All the better if that business is property investment as that's what we know most about. Between us, my wife and I also know a fair bit more than the average person about property, finance, tax, law and marketing; all of which are all skills that will come in very useful to them if we can pass on our knowledge before we eventually fall off our perches. Our new lifestyle enables us to spend far more quality time with our loved ones than ever before, and to help them out financially to a far greater extent.
We want our loved ones to live a great life whilst we are alive, not to leave them waiting for us to die before they can get their hands on money locked up in a family home we would feel trapped in.
Mark Alexander - Founder of Property118
18:39 PM, 20th August 2016, About 8 years ago
Pacific are great, but as with any professionals, the key is knowing the right questions to ask and being very clear about your objectives. If you simply ask a question like "where is it most tax efficient for me to live" or "what is the most tax efficient way for me to structure my property portfolio" then you're likely to get two very different answers.
That's where my Consultancy can come in useful.
Imagine ringing an insurance broker and asking the question "how much will it cost to insure a car I'm thinking about buying". If you don't know what car you want, never mind the details, you're not going to get a quote.
Yvonne Francis
20:41 PM, 20th August 2016, About 8 years ago
hi Mark
Yes I do know the all about the allowances on Inheritance tax and know that this allowance only works out as a bit extra, but as the saying goes 'every little helps'. I do live in a nearly a million pound house and my Inheritance tax bill will be mostly taken up by that when I die. I made my own money myself but my children began their working life around 2008 when the depression hit hard especially architecture which is my son's profession. I think it very important to pass my wealth to my children in compensation to the difficult times they experienced than be taken by governments for god know what. To live and own my own house is no bad deal and yes we have also had skip fulls of unwanted possessions carted away. And anyway I have lived for forty years in a beautiful unique house in a wonderful parkland setting with an extensive woodland garden. Can life get better than this?