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.
TheMaluka
Become a Member
If you login or become a member you can view this members profile, comments, posts and send them messages!
Sign Up12:09 PM, 22nd December 2015, About 9 years ago
Reply to the comment left by "steve p" at "22/12/2015 - 10:49":
Topping the list of those who do not understand the difference between income and profit is George Osborne, and he decides the fiscal policy for the country.
TheMaluka
Become a Member
If you login or become a member you can view this members profile, comments, posts and send them messages!
Sign Up12:11 PM, 22nd December 2015, About 9 years ago
Reply to the comment left by "Trendo " at "22/12/2015 - 11:00":
Never mind console yourself with some Cadbury's chocolate . . . .
money manager
Become a Member
If you login or become a member you can view this members profile, comments, posts and send them messages!
Sign Up12:48 PM, 22nd December 2015, About 9 years ago
Reply to the comment left by "David Price" at "22/12/2015 - 12:11":
Cadbury, owned by Mondelez one of the arch tax avoiders of the world and based in Switzerland. Same goes for Greeen & Blacks, Bel Vita, Cote d'Or, Milka, TUC, Toblerone and Oreos. In 2014 Mondelz declared a pretax profit of £96.5m in the UK on which it paid not a single penny of corporation tax. This is unsustainable and the Chancellor could and should fill his boots by taxing legitimate profit from multinationals using international accounting standards to the detriment of countries in which they operate.
Appalled Landlord
Become a Member
If you login or become a member you can view this members profile, comments, posts and send them messages!
Sign Up13:08 PM, 22nd December 2015, About 9 years ago
Reply to the comment left by "steve p" at "22/12/2015 - 12:01":
Hi steve
BTL interest is the cost of servicing a loan that was taken out to buy an asset that generates a taxable income from providing accommodation to those who need it. The interest is a cost that is properly deducted from the rental income to calculate the taxable profit.
This holds true no matter how many properties a person owns, or how much time he or she spends managing them.
There is no comparison with borrowing to invest in shares. This is another red herring, used by supporters of the tax grab to confuse the public. Buying shares just transfers money from the new holder to the previous holder. No product or service arises from this change of ownership.
The most important rule about buying shares is “never invest money you can’t afford to lose”. Anyone who has to borrow to buy shares is ignoring that advice
Carol Duckfield
Become a Member
If you login or become a member you can view this members profile, comments, posts and send them messages!
Sign Up13:26 PM, 22nd December 2015, About 9 years ago
Reply to the comment left by "David Price" at "22/12/2015 - 12:11":
Can't do that as they are tax dodgers and haven't paid any corporation tax in uk for 5 years or more - couldn't condone that....
Dr Rosalind Beck
Become a Member
If you login or become a member you can view this members profile, comments, posts and send them messages!
Sign Up13:44 PM, 22nd December 2015, About 9 years ago
Some observations from this source, which may be useful in the Judicial Review:
http://www.echr.coe.int/LibraryDocs/DG2/HRFILES/DG2-EN-HRFILES-11%281998%29.pdf
'...interference [with property]...may also arise from a court decision or from legislation.'
(p. 22)
(Ref. Eur. Court H.R., Marckx judgment of 13 June 1979, Series A no. 31, para. 27: “Article 25 of the Convention entitles individuals to contend that a law violates their rights by itself, in the absence of an individual measure of implementation, if they run the risk of being directly affected by it”)
With regard to the Government's express desire to 'level the playing field between 'private' landlords and owner-occupiers (in effect to favour owner-occupiers even more) and also with regard to overt incentivising of institutions to build to rent at the same time as the introduction of a punitive tax regime for 'private,' encumbered landlords:
'The Commission must nevertheless make sure that in determining the effects on property of legal relationships between individuals, the law does not create such inequality that one person could be arbitrarily and unjustifiably deprived of property in favour of another.' (p.22)
(ref. European Commission H.R. of 12 October, 1982, Bramelid and Malmstrom v. Sweden, Nos 8588/79 and 8589/79, DR 29, p.64)
Article 1 of Protocol No, 1: (p.23)
Regarding 'control and deprivation' of property:
We would argue that Clause 24 effectively leads to the expropriation of property by making it unviable for private individuals' businesses, whilst institutional investors are unjustifiably and inexplicably incentivised; this is also anti-competition, as it could give institutions a virtual monopoly. It may also constitute 'indirect deprivation' (similar to constructive dismissal).
Regarding taxation: (p.25)
'...it can reasonably be argued that the Convention bodies do not review the actual decision to raise taxes, but the proportionality between the levels of taxes and the means of those required to pay them.'
(reference: Eur. Court H.R., Gasus Dosier- und Fördertechnik GmbH v. the Netherlands judgment of 23 February 1995, Series A no. 306-B, para. 59. For a commentary, see L. Sermet, “Chronique”, Revue universelle des droits de l’homme, 1996, p. 26.)
If anyone else can spot anything useful in the document, please paste it here.
Chris Byways
Become a Member
If you login or become a member you can view this members profile, comments, posts and send them messages!
Sign Up14:04 PM, 22nd December 2015, About 9 years ago
"Regarding ‘control and deprivation’ of property:"
An example of an to competition is that energy companies had to increase prices when they have an oil price increase OR a tax hike on oil. They may absorb a small temporary increase. They are very slow to put prices down, who oil prices fall. The only reason they do is if ordered to by the Regulator OR by Competition.
If there is little competition between the Wilsons or the Hoogstratens, or their later day equivalents, or they are in the Middle or Far East, and the tax regime means Ma & Pa Housing Providers are not treated the same for tax or taxed to economic oblivion, this is palpably unjust.
Joseph Bloggs
Become a Member
If you login or become a member you can view this members profile, comments, posts and send them messages!
Sign Up14:31 PM, 22nd December 2015, About 9 years ago
Reply to the comment left by "Trendo " at "22/12/2015 - 11:00":
Hi Trendo
If you had logged into your facebook account
http://news.sky.com/story/1568029/facebook-defends-paying-just-4327-in-tax
you may have liked this story
http://www.channel4.com/news/george-osborne-family-business-6m-deal-with-offshore-firm
TheMaluka
Become a Member
If you login or become a member you can view this members profile, comments, posts and send them messages!
Sign Up14:48 PM, 22nd December 2015, About 9 years ago
Reply to the comment left by "Carol Duckfield" at "22/12/2015 - 13:26":
OK no chocolate but perhaps Trendo can watch a Netflix film . . . .
steve p
Become a Member
If you login or become a member you can view this members profile, comments, posts and send them messages!
Sign Up14:58 PM, 22nd December 2015, About 9 years ago
Reply to the comment left by "Appalled Landlord" at "22/12/2015 - 13:08":
"BTL interest is the cost of servicing a loan that was taken out to buy an asset that generates a taxable income from providing accommodation to those who need it. The interest is a cost that is properly deducted from the rental income to calculate the taxable profit."
This is exactly my point, the argument is really can you define BTL as a business or an investment, you could argue a loan taken out to buy assets that are shares that generates a taxable income in dividends, providing capital for companies... In this scenario of buying shares interest is not off settable so why is the asset of a property treated differently.... I know all the other reasons etc, im just trying to look at it from both sides of the fence which is why I say its a grey area, I did muddy the water a little by adding in the management or not, this was more in my opinion it is on our side hard to define someone as an investor in the same way as buying shares if it requires a full-time or even part-time job to manage those properties.
Although I can see your point about buying shares, investment banks and hedge funds kind of show that you can argue it is a legitimate business, the difference is they do it in the shell of a company rather than an individual.
Totally agree with your advice which is why it is going to be very rare that an individual borrows money to invest in shares.
Like I say I think its a fine line, I think personally we are more a business because I manage my properties, I redecorate, I do most of the maintenance myself, I do all of this while not getting paid, which I think is kind of like owning loads of shares in Tesco and then having to go work there for free. I think this makes it a business and as such all the interest should be deductible and other measures should be used to reduce the risk of high leveraging. The argument is that you can pay someone to manage the let and do all the decoration and maintenance but I think thats kind of like a business owner employing an outside company to perform a task.