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.
Si G
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Sign Up9:30 AM, 12th November 2015, About 9 years ago
Reply to the comment left by "KATHY MILLER" at "12/11/2015 - 09:08":
Govt help to buy is a vote bribe like rtb is/was, it's grossly unfair to those who don't qualify and simply saddles ftbers with huge debts. The cost of buying/selling/moving is dropping don't see this as a barrier. Flats will always be popular for ftb and b2let in whatever form but smaller flats more for renting due to cost and benefit cuts, market will find its level but look forward to more ghettoisation with lack of supply and unsustainable immigration levels. I can't think of any govt legislation which has helped housing recently best left alone in a free market economy.
Barry Fitzpatrick
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Sign Up9:36 AM, 12th November 2015, About 9 years ago
Reply to the comment left by "KATHY MILLER" at "12/11/2015 - 09:07":
Kathy,
I'm not that close to my local market but nationally because they average age of FTBs has gone up substantially, I think FTBs are more likely to have young children (or foresee having children) within the period of their tenure of a property and are therefore wanting some outside space and extra bedrooms.
In essence they've rented a flat/house as their first home whereas 15+years ago they'd have bought a starter home. So they're skipping that first step on the housing ladder.
This is all subject to local market prices of course and affordability under MMR, so there'll marked regional variations.
S.E. Landlord
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Sign Up9:36 AM, 12th November 2015, About 9 years ago
Reply to the comment left by "KATHY MILLER" at "12/11/2015 - 09:07":
It is probably due to a combination of affordability in terms of the amount they can borrow and the level of repayments.
As to the what happens to the flats, it depends on how many there are. In some areas the percentage of flats in relation to the number of houses is reasonable, in other areas there is a saturation of flats.
I would expect flat prices to remain stable and for house prices to increase. When there is a sufficient difference between the two and / or interest rates rise then the demand for the flats will increase. Also there will continue to be a demand from landlords and flats tend to provide good returns with little maintenance from the owners as the management company takes care of the communal areas etc.
The people that the agent is referring to looking to buy a two - three bed house have probably been renting a flat and as part of moving wants to move up to a house.
Dr Rosalind Beck
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Sign Up9:38 AM, 12th November 2015, About 9 years ago
Reply to the comment left by "Ian Simpson" at "12/11/2015 - 05:59":
Well done Ian. He's also getting a letter off me - I'm just waiting to see if it's published here as an open letter first. If, in any subsequent letters, you could push for 'new purchases' rather than 'new lending' as well, I would be grateful as the problem with the new lending one is that it ties us into current mortgages, which will only then delay the problem by a bit - the choice will then be the current lender's high standard variable rate or the new lender's better deal with the fictitious income regime - although obviously we'll be lucky to get any concessions with the way GO is steadfastly trying to stick to his guns on every awful policy he is pushing through, without consultation, without listening to reasoned arguments and so on.
I heard on Question Time last week that in terms of 'consulting' with junior doctors the Treasury would only meet with them if they didn't speak about something like 22 out of 23 of their concerns. I have heard similar things said about meetings between the Treasury and landlord groups. They will not even allow the 'tax relief restriction' to be mentioned in their so-called 'after the decision has already been made consultation.' They are not interested in the views of the affected groups and/or those with the expertise and much greater knowledge than them on many of the issues.
I know they were voted in, but it is a very dictatorial approach.
Elliott Charnock
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Sign Up11:54 AM, 12th November 2015, About 9 years ago
I'm currently considering purchasing my first BTL property, and have been doing my due diligence over the past week regarding the new changes in laws.
As some one new to this, my question is simple - should I be reconsidering this, or has this been put in place to restrict buy to letters who have a portfolio of properties.
I appreciate that it's quite an open question with no figures attached, but I'd be interested to gauge people's thoughts.
Thanks
Lisa S
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Sign Up12:07 PM, 12th November 2015, About 9 years ago
Public Bill Committee: Housing and Planning Bill: Examination of Witnesses (10 Nov 2015)
http://www.theyworkforyou.com/pbc/2015-16/Housing_and_Planning_Bill/02-0_2015-11-10a.2.0?s=Private+Rented+Sector#g2.66
Ian Fletcher: The build-to-rent sector mainly seeks to build at scale, so it will be building 100-plus units and the investors, who include most of the big pension fund companies and investors from abroad—we represent most of them—are adamant that they will not invest in broken blocks; they want to keep control of their products. Many of them are introducing new concepts to the private rented sector in the UK in terms of branding and so on, and once you lose control of a part of your development you cannot get that back and you do not know where it will go. An individual may buy a starter home and sell it after five years into the buy-to-let market, so you cannot keep control of that development.
Barry Fitzpatrick
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Sign Up12:31 PM, 12th November 2015, About 9 years ago
Just emailed the following to my MP:
Andrew,
I thought I’d forward this report to you regarding the experience of the Irish housing market, written in 2001.
Whilst I appreciate it is not the UK, the UK Government seems to be following the same path that the Irish have followed some years ago, the similarities to the current UK situation is uncanny. This seems a prime example of history repeating itself.
“1998 witnessed increases in rent, which according to Mr. Richard O ’ Sullivan, manager of Christies’ Lettings, represented an increase equalling that of the three pre-Bacon years combined (Residential Property Investors Edge Back In, 25.09.1998). Some even believe that there were ‘miscalculations’ on behalf of the government as to the actual rent increases for 1998 resulting in toned down figure of 24 per cent circulated in the press. Mr. Ronan O ’ Driscoll of Hamilton Osborne King believes that the increases in rent were more along the lines of 40 per cent and suggested that the Bacon & Associates’ Report (1998) is partly to blame. This represents “the biggest leap in rental values ever” he said, on top of rates that “had been almost stagnant for three years until the Bacon Report.
These rent increases mean that many who are renting while waiting to buy their first homes can no longer afford to save to buy these homes, leading to the conclusion that government intervention designed to ease the pressure on first-time buyers quite ironically “made it more, rather than less, difficult, for the first-time buyers it wanted to help.”
At the end of 1998 there seemed to be a unanimous voice calling for the reinstatement of the deductibility of interest on borrowings undertaken for investment in residential property against personal income for taxation purposes.”
I’ve extracted the Conclusions as the report is rather long, and I know you are very busy.
“Having analysed the history and development of housing policy since the days of pre-Independence Ireland, it is clear that Irish housing policy has always favoured owner-occupation over other forms of tenure. In fact, any deviation from this favouritism has only occurred due to reactive, rather than pre-planned, proactive measures, and has generally ended in failure. This fire-fighting nature regarding government policy has continued right up to the present day, and it is for this reason that Dr. Bacon was commissioned to try to undo problems caused by the government’s procrastinating nature.
Having said that however, I feel that having purposely ignored the business aspect of housing and its somewhat controversial link with the political system, I have nonetheless quite clearly shown that on their own merit, the three Reports have been insufficient in dealing with the housing crisis. As quite neatly summed up by the Director of the IHBA, Ciaran Ryan, “after three Bacon Reports, the market is screwed up and the decline will continue as long as we have conflicting government policies that are not working. In essence, that is the problem. Conflicting housing policy has led to the removal of investors from the marketplace, which in my opinion could have only ever had one outcome: namely the horrendous problems associated with the private rented market. The government could not have expected a vibrant private rented sector without investor involvement. With 200,000 workers needed over the next seven years to sustain current economic development, it seems that the government has ignored the problem of housing these immigrants, who based on the type of work they will occupy, will most likely be relying on the private rented sector. Government policy favouring home ownership is understandable, yet with our increasingly diverse population with increasingly different needs, an extended private rented sector is a must in order to render the extension of the life of the Celtic Tiger as a reachable objective.
Furthermore, I feel that the Bacon and Associates’ Reports did not place enough emphasis on the area of social housing, and in turn ignored those economically most vulnerable within our society. Too much emphasis was placed on alleviating the plight of the first-time buyer, yet to do so at the expense of the private rented sector on which the basis of sustaining economic development is built, is at best negligent, at worst almost criminal. Even then, measures aimed at ameliorating the problem for first-time buyers have proven to be inflationary, which in fact quite ironically worsened their plight.
However, despite the failure of the three Bacon and Associates’ Reports, I feel that excessive government interference has heightened the problem. In essence, they took the populist approach to this issue by choosing to place the blame on the sacrificial lambs, the landlords and investors. However, they ignored the fact that tenancy legislation in Ireland can be described as none other than disgraceful, and even when proposed by Dr, Bacon, subsequently chose to ignore this topic completely. What this failure on behalf of the government shows is an apparent lack of strategic planning, short-termism and merely a reaction to the exigencies of the moment in which a thorough analysis of the long-term effects of all measures taken were not properly undertaken. This is most clearly shown by the amount of times in recent years that the government has had to backtrack on decisions it has made.
According to Alan Cooke (Appendix 1): “the government was very clearly in a hole. Like novices they kept hedging bet after bet hoping that something would come and inevitably when you make so many decisions some of them are going to be absolutely disastrous and that is exactly what happened.”
NewYorkie
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Sign Up12:47 PM, 12th November 2015, About 9 years ago
Reply to the comment left by "Barry Fitzpatrick" at "12/11/2015 - 12:31":
This is so relevant to the situation in the UK today. Except, it is clear our politicians, of all persuasions, have decided to ignore the lessons of the past, and stick their heads up their **ses, "...hedging bet after bet hoping that something would come and inevitably when you make so many decisions some of them are going to be absolutely disastrous..."!!!
MoodyMolls
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Sign Up13:27 PM, 12th November 2015, About 9 years ago
Thanks for the comments
Just trying to get a picture of what a FTB wants to buy in 2015 and if the government schemes are pushing up the prices.
If lots of FTB have bought with a scheme GO will not be able to let the house prices go down . It wouldnt get him the votes if all these FTB and OO have bought into negative equity.
Jon Pipllman
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Sign Up16:15 PM, 12th November 2015, About 9 years ago
This BBC / Robert Peston interview with Mark Carney appeared yesterday, from which the following has been highlighted for the BBC website
"As for when and how markets will become our faithful, useful servants, rather than our wealth-destroying masters, Mark Carney conceded there is a troubling bubble in the UK's property market, which the Bank is monitoring lest it become worryingly pumped up.
And he did not demur when I pointed out that this bubble is partly the result of the Bank's and other central banks' evasive actions after the 2008 financial crisis, the slashing of interest rates to almost zero and the creation of billions of dollars and pounds of new money through quantitative easing."
http://www.bbc.co.uk/news/business-34788970