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.
- Definitions and Interpretation
In this Policy the following terms shall have the following meanings:
||means an account required to access and/or use certain areas and features of Our Site;
||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;
||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;
||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
||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 email@example.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?
- 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?
- 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?
- 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.
- 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 firstname.lastname@example.org, or using the contact details below in section 14.
- 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
||Used only to collect performance data, with any identifiable data obfuscated
||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.
- 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:
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||First / Third Party
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||Helps to understand how their visitors engage with our website
||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
15:11 PM, 16th October 2020, About 2 years ago
Most property investors believe, there will be a property market crash in 2021.
Oh no they don't!
(Pantomime season started early this year)
The Forever Tenant
15:16 PM, 16th October 2020, About 2 years ago
I reckon that there might be the slightest of reductions when stamp duty gets added on again. Other than that, the government is going to do every thing it can to ensure that house prices do not fall. They will pull out every trick and offer they can to make sure that there is not a noticable price fall.
If they didn't, the conservatives would lose in a landslide at the next election.
19:26 PM, 16th October 2020, About 2 years ago
If there is going to be a crash next year, what happens to the poor smucks who were drawn in by the PIN (property investors network) utilising OPM (other people's money) last year.
Will the investors be persuaded to take a haircut on their non performing loan because the tenants can't pay their rent, or will you double down and suggest the same smucks are pumped for more money?
10:48 AM, 17th October 2020, About 2 years ago
House prices will continue to rise, in my humble opinion.
Whilst this virus has had a devastating effect on the finances of some, it has had the opposite on many others. Talking to a chap and his wife, both who are working from home, they are saving £300 per month on fuel, parking, wear and tear. Others are finding that they are able to make do with just one car between them. They are not able to go on holiday, or eat out or go to the theatre. Seriously, many people have never been so well off. And these are the same people who buy houses.
The poor souls who are being laid off tend to work in hospitality or entertainment or travel. They are at the lower end of the income spectrum and less likely to be home buyers.
I am generalising of course, but this is what I have seen so far.
This virus isn't going away. It is here for the long term, and even when the effects start to lessen we will find that working from home becomes more common.
People want an extra room for a home office and bigger gardens. And that applies to some renters as well.
There simply aren't enough houses to go round, and if people have got more money then they will compete with each other to secure the best houses.
Just my opinion of course. Other outcomes are possible !
9:24 AM, 19th October 2020, About 2 years ago
I agree with Jesse Jones
Rising unemployment doesn't necessarily mean falling house prices. You also need to look at how monetary conditions have changed. Interest rates are lower across the yield curve (i.e. both short and long term interest rates) and the money supply has increased sharply. For example, the total level of retail deposits in the UK increased by £169 billion between February and August. That's nearly 10% up and £2,500 for every man, woman and child in the country.
So when the average family of 4 have seen their balance balance rise by £10,000 it suggests there's more money ready to be deployed in the housing market.
11:13 AM, 20th October 2020, About 2 years ago
Reply to the comment left by Jessie Jones at 17/10/2020 - 10:48
As we know the mortgage market depends on the willingness of the major institutions to lend. They are backed up by major international banks so as to limit their aggregate exposure.
Frequently there are reciprocal arrangements whereby some English exposure is traded for some German or Australian or other exposure. They may be loans which are time specific or a securitisation.
As you recall Northern Rock was not bust in their day to day business but it was the lack of willingness of their lending banks to roll over existing loans which caused the problem. Had they securitized that part of their portfolio they may well have been ok.
You will not be surprised if I tell you that senior people in major international banks are looking at the uk economy and becoming nervous. They are looking down the barrels of Covid and Brexit. The perspective from the boardrooms of major banks on the European mainland is not too rosy.
Where other countries are making provisions for lockdown and the people are abiding with these terms that is not the case here.
Some of the major International banks will not be increasing their participation in the UK mortgage market. They may even be thinking of heading for the exit.
This news may not yet have reached the local High street mortgage broker yet.
The effect on the local market will be as serious as ten years ago. Cash buyers will be paramount. It will be a long hard winter for estate agents if lending is curtailed.
11:35 AM, 20th October 2020, About 2 years ago
Reply to the comment left by david porter at 20/10/2020 - 11:13
As a professional mortgage consultant and form banking analyst I can say that you really do not understand this subject. Most UK mortgage lending is funded from retail deposits and because of bank ring-fencing requirements, banks have an unusually large amount of funding to lend to areas like residential mortgages at the moment.
The securitisation markets are also open for those lenders (mainly the specialist lenders) that rely on this form of funding. Oh and by the way, Northern Rock did heavily use the securitisation market. It was the closure of that market in summer 2007 that ensured that they did not have the funds to continue without government support. Not sure what you mean by 'not bust in their day-to-day business' - if you run out of money to pay creditors when due you are facing insolvency.
20:29 PM, 20th October 2020, About 2 years ago
Reply to the comment left by Rob Thomas at 20/10/2020 - 11:35
As I spent 20 years in the square mile decoking banks aggregate exposures perhaps I know what I am talking about?
We are agreed Northern Rock had to repay loans fro th e International banks.
They had not sold specfic blocks of loan as securitations, If they had they would have been tiered into several classes of junior and senior. Additionally some top slices would have gone to Bermuder finite players