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.
Anon
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Sign Up11:17 AM, 5th April 2015, About 10 years ago
A good starting place is a bit of research. People often think their property is worth more than it is and are disappointed when they learn otherwise. I have been in this situation because I purchased a property which I was told was 26% below market value, but it wasn't!
There are a few website where you can check sold house prices such as HM Land Registry (http://houseprices.landregistry.gov.uk/) and Rightmove House Prices (http://www.rightmove.co.uk/house-prices.html)
Make sure that you are comparing like with like, there is no point you comparing your two bed terrace with a 4 bed detached just because it's only two doors away.
Print off the information you find and give it to the valuer. Also, ask him whether he's done any research on comparables and chat to him about that. It is much easier to have that discussion before he commits himself to a figure at the point of reporting to the mortgage lender, Nobody likes to be told they are wrong so it is much better to make sure you both agree before the valuation is formalised.
If you purchased the house cheap and have done a lot of work to it then bear in mind that the valuer will probably check to see when you purchased the property and how much you paid. That might be his only comparable if your property is any way unusual so don't be surprised if he only adds an indexation allowance if he doesn't know what work you've done. If you have done lots of work give the valuer a schedule of works, costs and if possible receipts too.
In my experience, the easier you can make a valuers job the more realistic he will be with his valuation figures.
Martin Gardner
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Sign Up18:02 PM, 5th April 2015, About 10 years ago
I recently borrowed on one of my properties and have lived in it so knew the area and recent sale prices, I had also refurbished the property and extended certain areas making it different than the other new build on the street. The valuer gave a valuation of £115k, which I deemed unfair and challenged the pricing, the lender said he had done a drive by valuation, I said he hasn't visited and he took value of Zoopla or similar. I knew the prices for non extended was around £130-£135 and next door but one had part ex to a new Barrett home so sold below value at £109k which didn't help. I got them to come out to see it and hit a revised valuation of £140k quite a big difference, once all facts had been given.
Joe Bloggs
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Sign Up18:29 PM, 5th April 2015, About 10 years ago
ive come to expect a down value (as valuers have an inherent conflict of interest of risk exposure minimisation), but sometimes its so ridiculous; if i could buy at that price i'd buy the whole street!
james pearce
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Sign Up20:08 PM, 5th April 2015, About 10 years ago
I recently had the rental value come in low although the property valuation was as expected and despite myself and friendly estate agent putting a case forward the lender would not have it.
In the end we had to go to a different lender. the irony is the property rented within 3 days of completion for 100quid a month more than the valuer would accept!!!!! we all get it wrong sometimes........
Mark Alexander - Founder of Property118
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Sign Up20:26 PM, 5th April 2015, About 10 years ago
Reply to the comment left by "james pearce" at "05/04/2015 - 20:08":
With the benefit of hindsight James, what do you think you could have done differently that might have helped the first valued arrive at the correct figure first time?
.
james pearce
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Sign Up20:33 PM, 5th April 2015, About 10 years ago
Hi Mark,
It was I think one of those unfortunate occasions when you're doomed from the start......he said the claimed rental income was over the top and we produced 6 comparable properties to demonstrate rental income and he just wouldn't buy it!!!! the physical valuation of the property was fine, it was just the rental issue.
Luckily switching to a different lender didn't cause too many delays.
One of the problems is I believe that rents have shot up quite a lot recently and perhaps a few valuers haven't moved with the times.
To be fair it's the only time I've had a problem in the dozen or so mortgages I've done so it was bound to happen sooner or later.
John Frith
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Sign Up22:47 PM, 5th April 2015, About 10 years ago
If you already own the property, ask for written valuations from a few local estate agents. If you are looking for a low valuation, tell them you are looking for a quick sale. Or tell them you want a full valuation as you are not in a hurry.
Pick the one most favourable to your cause, and hand it over to the valuer (if?) when he calls.
My reasoning is that they are more likely to give that kind of valuation if they can put something from a local agent, valuing it similarly, in their file.
Mark Hulbert
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Sign Up7:11 AM, 6th April 2015, About 10 years ago
Meet and befriend the valuer when he comes to value. coffee etc. Have prepared as authoritative a pack as you can, neatly presented - internet comparables, list of features that make your property more valuable, local agent valuations, your purchase price + receipts for improvement works done.
Jonathan Clarke
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Sign Up8:44 AM, 6th April 2015, About 10 years ago
This is a crucial part of the whole investment process. I agree with Mark Hulbert. Produce a professionally looking pack for them. They have busy days and you are in effect doing as much as you can to assist their decision making process. Your aim is to cut down on their time to investigate the reasons and conclusion in their final valuation. That should please them we all like a helping hand
Imagine they had an employee working for them. This is what they would get them to do in preparation for all valuations on any given day. Its a conveyor belt for them. Make their ride smoother. You play the role of their secretary their P.A. their admin assistant their packager. Call it what you will you are in a support role. They are your M.D (for just that one day )
Its crucial the valuer plays the lead role and you play the subordinate. Dont over sell your view or overplay your role which may be right but likewise will be naturally biased towards yourself . They are human and no one likes you to be too smart. Be submissive, helpful and polite not controlling, dominant.and demanding And if you meet them on site say your sales pitch then leave them alone to do their job. Don`t hover on their shoulder and annoy them. They have the power to go perhaps 10K under what you want so dont be too clever - give them space and let them do their job in peace
That is stage 1 . If that works thats fine sometimes it doesnt so stage 2 is the appeal.
Add more detail if required but in a calm professional detached manner. Evidence your reasons and make your case as watertight as you can. There is no scientifically provable right answer so don`t act as if there is. Its just your opinion v their opinion.
That approach has worked for me. A one page A4 page report gained 20K once for a client of mine on appeal. That was 6 mths after purchase when we went for a remortgage and we didn`t even do a SINGLE thing to the property to enhance its value. I just bought well for him
Valuers will give you the valuation you want sometimes and they will change their mind sometimes but you have to put them in a position to enable them to do that smoothly and cleanly without them losing face.
.
Paul
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Sign Up10:18 AM, 6th April 2015, About 10 years ago
Very timely advice. I'm just about to get two properties valued. I will take some more material along with me to see the valuations officer ! As it's a pain to change a valuation after it's occurred.