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.
Dr Rosalind Beck
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Sign Up21:46 PM, 23rd July 2015, About 10 years ago
HI Appalled. Well, it has been argued that this policy if implemented will have that exact effect by flooding the market with distressed sales. So it seems to me that the BoE was saying it wanted something done, but are not likely to agree that this is the way to do it.
Lorraine W
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Sign Up22:43 PM, 23rd July 2015, About 10 years ago
Until today I was hopeful that any appeal might be met with some success but now I'm not so confident, it's not looking like any of this was a badly thought out decision, they seem to have it in for landlords no matter how large or small... A friend works for one of the largest social housing groups in the UK and today they've announced to the staff that there are going to be huge cuts and redundancies. This is the message I received from someone fearful that they may be out of a job soon ... "The government budget announced a 1% rent cut per year for next 4 years in social housing. Nobody knows why they've said it other than to pacify people who's benefits they're cutting, but it amounts to 42 million per year reduction in our income. Add to that 'right to buy' that's being forced on us and we are likely to lose 50 million per year! So there are going to be cuts in all non essential things we do and redundancies but they don't know who yet. For every house we are forced to sell at below market value, we have to build a new one, with no extra funding to do so"! This all sounds like some sort of bad dream to me at the moment, property was supposed to be our future pension, if changes aren't made it could be our bankruptcy! Why tell people for years to invest pension in property only to the pull the rug from under our feet before we see the benefits!
Dr Rosalind Beck
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Sign Up23:23 PM, 23rd July 2015, About 10 years ago
Reply to the comment left by "Lorraine W" at "23/07/2015 - 22:43":
Hey Lorraine. Chin up! Think positive! That's the way to deal with this. Get writing letters to your MP, to the Chancellor, to ministers and tell them your story. Tell them how you invested for money in retirement. Tell them it how it is. The more letters and emails they get in their inbox and the more variety of experiences they hear about how bad this is, the better.
All the best. We're in this together.
Dr Rosalind Beck
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Sign Up23:50 PM, 23rd July 2015, About 10 years ago
I just went on this website http://www.landlordzone.co.uk/ and they had an article published on 17th of July where they were still completely misinterpreting this thing. I wrote a comment telling them to come over to Property118 to see the anger and reaction of those of us who understand what is going on.
Mark Alexander - Founder of Property118
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Sign Up0:19 AM, 24th July 2015, About 10 years ago
Reply to the comment left by "Lorraine W" at "23/07/2015 - 22:43":
So we have cuts in social housing, taxation policies that will bankrupt much of the PRS and reduce the scale of new build development. The knock on effects of less new build development will be less development of social housing.
The biggest housing charities in the UK appear to be supportive of these measures despite the fact we already have a housing crisis. I suppose the best way to raise profile of a housing charity is for the housing crisis to escalate, or am I just being cynical?
We have a growing population and an open door policy on EU immigration.
Where is this growing population going to live?
Without wanting to sound melodramatic, this lunacy could result in civil unrest if it is allowed to continue.
As many as 5 million tenanted homes could be disrupted if the PRS is taxed as proposed.
Another collapse in property values will leave many more millions of homeowners trapped in negative equity.
No wonder the numbskull anarchists posting on the House Price Crash forum are celebrating! They seem not to have a care about the lives of their friends and families who could be affected? All they want is for house prices to crash to a point where they can buy a property which matches their ability to earn an appropriate wage for their Pea brain levels of intellect, or perhaps they even think they will be able to borrow three times their benefits to get a mortgage and buy one? It is incredibly hard to fathom the illogical motives of some people.
I don't know whether to laugh at the HPC mentality or cry about the stupidity of the politicians who have fallen for this BS, the very politicians most landlords voted into power.
The politicians MUST be made to see sense.
Goodnight
.
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Sign Up8:47 AM, 24th July 2015, About 10 years ago
I like the idea towards the bottom of the article about offering Landords rolled over CGT relief if they sell to first time buyers.
http://www.cityam.com/220861/bashing-buy-let-landlords-will-push-rents-and-hit-uk-economy-hard
Phil Landlord
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Sign Up8:59 AM, 24th July 2015, About 10 years ago
Reply to the comment left by "James Tallis" at "24/07/2015 - 08:47":
I like the whole piece. Much more balanced tone than the 'it's a crime' arguements.
Biggest worry not mentioned is if the intention is to reduce debt generally in the BTL market - then the may not budge.
Some of the qwerks eg tax without profit, impact on benefits, CSA etc certainly all need looking at.
Kamilla James
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Sign Up9:27 AM, 24th July 2015, About 10 years ago
Reply to the comment left by "James Tallis" at "24/07/2015 - 08:47":
The rollover of capital gains idea is a great one. It will allow those of us who will be badly impacted by these changes to exit the market gracefully. This should limit losses, increase supply on the market, thus lowering property prices for FTB. The real losers here will be OO who bought recently or over extended themselves on the mortgage!
I DON'T want to sell my properties. I have enjoyed my time as a small landlord so far, mainly because I've been lucky with a succession of good, reliable tenants and won the London postcode lottery. I'm looking at similar properties in my area of SW London though and time on market is increasing, so to are asking price reductions (gradually) - I'm worried that if I wait too long I'll miss out on the optimum selling price. The more I learn about this the worse it gets!
Mark Alexander - Founder of Property118
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Sign Up9:29 AM, 24th July 2015, About 10 years ago
Reply to the comment left by "Phil Landlord" at "24/07/2015 - 08:59":
Thanks for sharing the link Phil, superb article from City PM - text below .....
Buy-to-let landlords have a huge advantage in the market as they can offset their mortgage interest payments against their income, whereas homebuyers cannot.” That’s how the chancellor explained his decision in the Budget to require that landlords, unlike other businesses, effectively pay tax on their borrowings – their buy-to-let mortgage. But the chancellor has made a significant blunder: his ill-advised move will push up rents and hit the economy.
The problem is that the chancellor’s comparison with homeowners is not correct. The day after the Budget, the Institute for Fiscal Studies’ Paul Johnson correctly said that “rental property is taxed more heavily than owner occupied property.” Even the Tories’ favoured think tank Policy Exchange has concluded that the tax system “massively favours home ownership.”
Unlike homeowners, landlords are taxed on rental income and capital gains. And the VAT system works against building new homes to rent by preferring home owner properties over rented housing.
In the Budget red book, ministers also argued that the policy would save £665m by 2020-21. It is curious how they come to this figure given that, in June, ministers admitted in answer to a parliamentary question that the government had made no assessment of the total tax take from individual residential landlords.
In its impact assessment, HMRC has argued that one in five private sector landlords will be affected by the decision. Such figures completely miss the point, since what matters is not the number of landlords affected, but the number of properties. Properties are mortgaged, not landlords.
Why also, since the policy will not begin to be rolled out until 2017, has no assessment been made of its likely impact when interest rates inevitably rise? As PwC has observed, “if interest rates increase over the coming years, and rental yields don’t keep pace, investors could be paying tax on a loss.”
Why does any of this matter?
For the economy, it would be a disaster. Between 1986 and 2012, 57 per cent of all new dwellings created were private homes to rent, the majority of which were by individual landlords providing vital houses for those requiring accommodation, especially those needing to move for work or study. These homes were not “taken” from those who wished to buy. As financial secretary to the Treasury David Gauke has argued, rented housing provides an important boost to the economy “through improved labour market flexibility”. Rented property offers a flexible accommodation option for those who do not want the geographical tie of ownership.
For tenants, it would be a disaster too, with landlords inevitably looking to hike rents to cover the financial hit they now face. As Liam O’Doherty, director in PwC’s real estate tax team, has concluded, the proposal “could see buy-to-let investors feeling the squeeze and putting up rents.” As a landlord myself, “could” is sadly an understatement.
What of the likely impact on Treasury revenues? Professor Michael Ball of Reading University has previously calculated that each tenancy in the private sector makes a net contribution to the Treasury of around £1,000. With the possibility of many landlords withdrawing from the market altogether, the savings ministers anticipate could end up being on the optimistic side.
In short, the Budget fundamentally missed the point on the provision of private rental housing.
Rather than walking the populist path of bashing landlords, ministers should have avoided comparing apples with pears. Amounting to almost 90 per cent of the country’s landlords, dedicated individuals, providing much-needed homes to live in while seeking an income for themselves, should not be compared to home owners but with other businesses involved in property, such as commercial property landlords.
If the government had done so, it would have fast become clear that, despite the support that individual landlords provide to local economies, they are not given the same encouragement to build provided to commercial landlords. This is an anomaly that needs to end.
By recognising individual landlords as businesses within the tax system, they could better contribute towards the government’s housing ambitions. For example, roll-over capital gains tax relief could be allowed where the sale is to a first-time buyer of a property for rent, with suitable controls to prevent abuse, such as an upper limit on price.
The chancellor had an opportunity. Free from the compromises required by coalition, he could have heralded in a new era for the private rental market, one that supported efforts to professionalise it by putting it on a proper business footing.
What we got instead was a Budget that will do little to boost the supply of new housing and everything to drive up costs for tenants.
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Mark Alexander - Founder of Property118
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Sign Up9:49 AM, 24th July 2015, About 10 years ago
I have spoken to the PA of Alan Ward who wrote the City Link article and sent them both the following email ....
Dear Alan
Congratulations on producing the best article so far to explain the potential impact of the summer budget on the PRS and the wider economy.
Property118 is an online network of nearly 200,000 UK landlords.
If you plan to produce more articles on this subject you may be interested in the research our members are sharing freely. One such example is a spreadsheet produced by a think tank of chartered accountants, who have liaised with Megan Shaw at HMRC, to help landlords to calculate the real impact of the Budget proposals on their personal finances. Using Megan Shaw’s own example the landlords will end up paying more than 150% of net profit in tax, even though they are currently basis rate tax payers – spreadsheet article available to download via a link in this article >>> http://www.property118.com/?p=76750
Our budget overview article has attracted nearly 70,000 followers and well over 1,000 comment – link >>> http://www.property118.com/?p=76164
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