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.
dismayed landlord
13:59 PM, 4th March 2018, About 6 years ago
I never normally make comments on any comments. we are all entitled to our own and I read them to get a flavour of what other minds may be thinking. But I can see where AA and Ken Smith are coming from. I have been letting homes for 22+ years. Started it as I was tired of being made redundant and as a disabled person from it was always difficult to get work. So I bought old houses, renovated and let them. I can do the work but not at a 'commercial' speed. I then let them. I spent every day, weekend and evening doing it. I wanted to leave something for my children and grandchildren so I sacrificed a lot. I am now getting out of BTL. I have sold 3 already. the other 15 can go as soon as I get possession. I rarely increased rents and tenants have said I am a good landlord. Meaningless to anyone who does not know me. the properties have been well maintained and the rents are fair. I have tenants who have been with me for 14 years most are over 6 years. I rarely have voids and the last one I had refurbish had been with me 16 years. it took 2 weeks to decorate/new bathroom/kitchen/flooring and had block viewing with 8 people turning up and a new tenant went in 4 weeks after it was vacated. I am getting out of BTL because I am tired of being cited as parasite and deemed to be a money grabbing leach. I would not say I agree with AA as not caring about the tenants I am about to evict and whilst Ken Smith makes a good point about the profit made (yes I have but it is my only income source and I was driven to it to keep my family housed and fed) it was not my initial intention. I am now feeling guilty. I'd still like to leave something to my off spring but CGT, IHT and SDTL seems to stop that happening. My accountants promised the earth but failed to deliver any means of making this possible. what cash I have left (if any) when I depart they can have as opposed to the buildings. In short I feel I should have all the benefit going from DWP to Housing/unemployment benefit, spent those long hours working in all conditions with my children, and for what it is worth , saved my a lot damage to my health. I can now barely walk. I have to pay people to do the work. So I am selling. The government/HMRC changes and the constant media attacks are enough. I hope my tenants realise that I'd happily keep them and I mean them no ill harm. I am confident the government of whatever colour will sort out housing for them.
AA
14:33 PM, 4th March 2018, About 6 years ago
That's very sad to hear. To struggle through disproportionate adverse circumstances and have what you have built and sacrificed for stripped away. But if there is one thing I know is, there are accountants that are book keepers and accountants that are tax planners. I would strongly recommend you go to more than 1 advisor - you need to protect your revenue stream and if things get tough as they surely will , we just have to notch it up.
AA
15:25 PM, 4th March 2018, About 6 years ago
Ken - FSA stands for Food Standards Agency. I have no idea what a financial services advisor could be. If anyone is one out there I would be b***** impressed. At my age few things impress me. Financial services span anything from opening a basic bank account to complex derivatives. I think you meant IFA (in an activity...like mortgages ) . And I do not need to be one to point out the obvious like I do not need to be an astrophysicist to point to the moon. Ever heard of Enron, Worldcom, Tyco, BHS, and the corrupt accountants that valued the assets ? All sure things except for the poor sods that were left holding the baby. Now too old to make up for lost time.
So you are bloating about a fictitious value of something you may or may not have against a physical tangible asset.
Would you like to buy a bag of magic beans from me ?
How about we compare notes in a couple of years time ?
My portfolio of properties and revenue streams against your ....equities.
AA
15:29 PM, 4th March 2018, About 6 years ago
Talk about money going to your head !
I know more about Ken s life and finances than my own 😊
Ken Smith
15:34 PM, 4th March 2018, About 6 years ago
Reply to the comment left by AA at 04/03/2018 - 15:29
Asif
Well at least it has alerted you to the fact you probably need to get a grip on them..and reality too.
Jay James
17:10 PM, 4th March 2018, About 6 years ago
Reply to the comment left by Ken Smith at 04/03/2018 - 13:08
Ken, are you based in the Republic of Ireland? This might help explain your use of the acronym FSA.
Laurie
18:48 PM, 5th March 2018, About 6 years ago
Reply to the comment left by Ken Smith at 04/03/2018 - 13:08
I liked your response which i did not find personally negative (only economically) and I absolutely agree that there are very good reasons to be bearish on the property sector in the coming years. I dont know if 8 years of Corbyn will destroy the UK, but i am very confident it will at least bring the country to her knees. On a "positive" note, less rental properties will be bullish for the remaining landlords, but of course the negatives you mentioned may well wipe out that advantage. I try to keep a diversified investment portfolio in property, stocks, precious metals and cash and to balance them equally but gets a bit out of whack at times. C'est la vie, lets see how it all pans out...in the long run, we are all dead.
Ken Smith
8:56 AM, 6th March 2018, About 6 years ago
Good attitude Alex, there is only so much you can do to help yourself. But you need to do whatever you can when the threats just keep on coming...
That's why I am getting out of this game very sharpish. I could have paid all loans off tomorrow - but the very low rates have deterred that as being economically silly. However, the emotional thought of not being involved with lenders in now a far greater lure.
I have a portfolio buyer lined up for all my 19 mortgaged houses now and I'm selling at a solid 10% below current market value in order to move on and focus on other things, and also take back control.
I'm paying off all 19 mortgages first to simplify the sale process (no lenders will be in the way - buyers have cash too). Then I wont have one mortgage and that means no lenders at all in my life. Jasper are going to be paid off in these 19 - I have 13 with them.
Its interesting how relatively easy it has been to get someone to buy them. It appears to be Asian money but being bought through a UK company. I couldn't care less if Donald Duck is buying them with his mate Harry Potter to be honest. For some strange reason, there still remains a healthy appetite for rented property. Many people are behind the knowledge curve.
I don't think Corbyn, if elected, will last more than a 5 year term. The moderate followers of his cult (the majority - airheads, snowflakes, scroungers) will soon realise they aren't getting what they wished for and will want a more cosy lifestyle like before. Not for them the harshness of a Marxist regime.
That will be far too late of course - in this industry alone.
The knives and swords are out for landlords. Next it will be guns and bombs.
Monty Bodkin
9:50 AM, 6th March 2018, About 6 years ago
Reply to the comment left by Ken Smith at 06/03/2018 - 08:56
but the very low rates have deterred that as being economically silly.
What has changed? Those Jasper mortgages are a lottery win earning you a fortune on when you first took them out. To flog them off at 10% BMV (buy 10, get one free) and then get hammered for CGT doesn't make sense to me. Certainly not from a financial view. It doesn't add up.
Ken Smith
11:06 AM, 6th March 2018, About 6 years ago
Reply to the comment left by Monty Bodkin at 06/03/2018 - 09:50
Monty - you hit the nail on the head. It doesn't add up to YOU. I understand why that could be the case to some.
If you read this thread about my background then you might understand why it all adds up for ME.
I can afford to make, what might seem to you, irrational financial decisions. BTL is a small part of my wealth - yet a thorn in my side now. Not everything in life has to be measured by profit made. I can easily remove that thorn. If I only had those houses as wealth I might be tempted to hang on - although I would know I was taking a big risk.
As I constantly say here, prepare for the bloodbath. Remember the terrible tsunami in 2004? Some people fled instantly when they saw the weird phenomenon of the sea being 'sucked away' from the shore. They fled because they knew what would happen next. They had knowledge. Others, ignored their advice to run. They probably thought, 'why run inside, it's a sunny day and we're hear to get a tan?' We all know what happened to them.
Read about the 10 year old girl, Tilly Smith (no relation), who advised her elders as a result of knowledge. Her innocence and genuine fear probably stopped her from keeping quiet.
https://blog.oup.com/2009/10/tsunamis/
I see this as similar.
Everyday, we hear more snippets of the wrong type news (see todays Belvoir report)
You might feel that you have a lottery win Monty, but actually a lot of lottery winners turn out miserable and resent their 'good fortune' and would turn back the clock.
Listen to Tilly Smith. Look for the obvious signs - then act.