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 firstname.lastname@example.org, 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 email@example.com, 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:
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||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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||Helps to understand how their visitors engage with our website
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- 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
10:21 AM, 8th November 2022, About 5 months ago
I'd wait it out if it takes 6 months or more to sell them that's what it is. It's easy to sell at under value but who wants to do that. Another tenant, probably may want to stay a year or two, then the Refurb for sale. Not really worth it
10:40 AM, 8th November 2022, About 5 months ago
I'd also wait to see what happens in the budget re CGT rates cause if increased to income tax rates, you'll be paying 40% on the gain unless you aren't using your basic rate band through earnings, whereby some might be taxed at 20%
11:10 AM, 8th November 2022, About 5 months ago
Hi _ I am actually doing the same as you. Been working on it for four months, its going to be really special and will stand out from the crowd.
Will yours do that?
It has to be within a certain budget for your area.
I could have sold this 3 months ago but would have got less without the refurb.
I personally won't be greedy.
I will ask for "offers over" a certain price and see where it goes. Work that price out according to 2 things.
1. What your CGT will be after your CGT yearly allowance?
2. What all your time/expenses were since you bought it?
If you are CONTENT - then fix your price inc the below.
It will sell if you "also have an inducement to complete within 2 months with a cashback of £1,000."
I have done this deal before at auction and the buyers did NOT complete in time and begged my solicitor to find out if the deal still stood, as they were three days late!
"The cheek of them!" - I was told.
I still paid them the £1,000 inducement when I didn't have to,
Because "the spirit of the deal" was for everyone to be "content"
YOU can make someone else happy and yourself happy by doing
"something different for the sale".
"stand out from the crowd"
11:12 AM, 8th November 2022, About 5 months ago
I am in a similar situation, except my 16 months' awful experience finally ended July 2021. I put it on the market in September 2021 after redecoration and repair, and didn't sell until July 2022. I had a buyer in October who dropped out in November, but I got another (cash) buyer in January. Even then, 6 months to Complete! They were just inefficient, and I'm hearing this is par for the course. I want to sell my remaining BTL, and have made a couple of enquiries similar to yourself. I've done the sums, allowing for time to sell, void cost, increasing mortgage and other costs/savings, and would probably lose at least £10k if I went for the 'quickie'. But... what would happen if S21 is suddenly blocked?
I now just want out of BTL. Maybe it's worth taking the hit, but the joint investor [my -ex] is a challenge! My financial investments have taken a £50k hit since December. On the other hand, I did well selling my London properties, and the house I bought in Feb20 and extended, could give me a £150k profit if I sold today [and I know the buyers are lined up!]. Just a matter of perspective.
Good luck with your decision.
12:52 PM, 8th November 2022, About 5 months ago
Instead of offers over why not try OFFERS AROUND £xxx,xx. Pitch your price at a fair price but be prepared to take 10 or 20 thousand less. You may get more. I know its 5 months ago but we sold our main large detached house and downsized and moved 100+ miles as well. We had 10 viewings in a week and three offers. All offers at £850,000. The property was advertised at offers around £850,000. Agent gave all buyers 48 hours to come back with their final offers. We had one still at 850,00 one at 856,000 and one at 870,000. We went with the middle offer because the top offer buyer had not sold. Our sale went through fine and we moved house 2 months ago.
13:46 PM, 8th November 2022, About 5 months ago
Our flat went on the market in August and we had a full price offer the next day. 6 weeks later the buyer ‘lost’ their mortgage. Haven’t had even a viewing since! Will have to let again as the mortgage, CT and now heating costs are causing me a headache.
14:38 PM, 8th November 2022, About 5 months ago
Reply to the comment left by Dennis Forrest at 08/11/2022 - 12:52
Regions are different and you can play the 'moving game' if it suits. I sold in London late 2019. I wanted to move North and had waited some 18 months for the market to turn, but wasn't prepared to accept silly 'offers'. I went with OIRO £1.2m and accepted £1.19m. I chose my agent carefully (they had proceedable cash buyers) and Completed in less than 2 months. I then moved 200 miles up North, increased my floorspace by 400 sqft plus a garage, and no mortgage. I could have got a lot more for my money, but wanted to be able to easily walk into town.
16:18 PM, 8th November 2022, About 5 months ago
Thanks for the replies and advice. The agent has put the house on at a fixed price which I think is much too high. I have only one viewer lined up (today) but its only been advertised for a week. CGT will be minimal because values have never really recovered since the last crash. If I thought it would sell in six/seven months I would stick with the traditional sale. But we are entering a recession and interest rates are continuing to rise. Its also of course costing hundreds a month while it remains empty. Hence my thoughts of sounding out an auction or 'a we buy any house' company. Has anyone used such a company?
16:26 PM, 8th November 2022, About 5 months ago
Reply to the comment left by NewYorkie at 08/11/2022 - 11:12
Yes, I've read about your horrendous situation on here. Glad you have at least got that one property off your hands. The property I have up for sale is empty, so at least I don't have to worry about the possible demise of S21. I just don't need the stress anymore. I've been retired for some years. I just want to pack a bag and go travelling:) I'm quite prepared to drop £20K off the advertised price, but even then I wonder if there are enough buyers around
16:28 PM, 8th November 2022, About 5 months ago
Reply to the comment left by Annie Landlord at 08/11/2022 - 16:26
There will be plenty of landlords waiting with their cheque books for price drops and distressed sales.