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.
Mark Alexander - Founder of Property118
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Sign Up8:17 AM, 16th August 2013, About 11 years ago
Hi Corinne
It's an interesting conundrum.
Without wishing to complicate matters there is also a third option which you may not have considered.
Is your daughter going to University by any chance?
If so, you may be able to help her to buy the property herself, just by acting as guarantor and without having to help her with a deposit. It will depend on your financial circumstances of course but 100% mortgages for University students are available and have been for many years. Please take a look at this >>> http://www.property118.com/student-buy-to-let-mortgages/33850/
The advantages of a lodger agreement are that it is much easier to evict the "friend" or lodger if things don't work out. The disadvantage is that you have no certainty of income, the lodger could just leave.
Question - would the parents of the "friend" be willing to guarantee her rent for 12 months and if so, are the parents considered good for the guarantee? If not, then the lodger agreement is the more obvious solution.
If my own daughter was sharing with a stranger I would recommend a lodger agreement. Obviously the rent would be payable in full by your daughter on that basis and the lodger agreement would be between your daughter and the lodger, not you and the lodger.
I hope that helps.
.
Mark Alexander - Founder of Property118
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Sign Up8:40 AM, 16th August 2013, About 11 years ago
PS - the article I've linked to below is also worth reading, especially if you want to help your daughter financially without having to do it out of taxed income.
If you buy the property yourself then you will be taxed on rental profits. Any money you give to your daughter will also be from your taxed income.
You could structure this so that you charge your daughter just enough to cover your
costs and then she keeps any rental profits from the rent from the lodger. Your daughter then keeps the money from the lodger tax free. Voilà, no tax for you, no tax for her 🙂
See >>> http://www.property118.com/student-rent-a-room/33915/
.
Romain Garcin
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Sign Up9:43 AM, 16th August 2013, About 11 years ago
I think that you should consider the friend as if (s)he were a stranger. Things can potentially go wrong in the same way.
Based on that a lodger agreement may be preferable.
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Sign Up9:51 AM, 16th August 2013, About 11 years ago
Hi Corinne,
I'd tend to agree with Mark that having your daughter's friend as a lodger rather than a tenant gives you the most flexibility, but also less reliability of rent, though you can easily find another suitable flatmate for your daughter through SpareRoom.
In either case, make sure you have a proper agreement - AST for tenant or excluded licence for a lodger. You never know when you need to fall back on this, and it's best to have everything in writing, including house rules if there are going to be any. Our guide to taking in a lodger gives you a good starting point for thinking through all the elements involved in going down this route. It's free to download from http://www.spareroom.co.uk/lodger Bear in mind that having lodgers will affect things like insurance and mortgage agreements too, so mention it to your providers before committing.
Mark Alexander - Founder of Property118
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Sign Up10:07 AM, 16th August 2013, About 11 years ago
Corrinne, there are a few more advantages to the property being purchased in your daughters name which I ought to point out. First, it with be her principal private residence so when it is eventually sold there will be major CGT advantages compared to it being owned by you as an investment. Even if your daughter moves out and decides to retain the property as an investment herself the PPR relief will also be very beneficial in terms of reducing CGT liabilities.
You will also be helping your daughter to get on the property ladder.
If you decide to help her with a deposit, this will be treated as a potentially exempt transfer and will not form part of your estate for IHT purposes if you survive for 7 years.
.
Howard Reuben Cert CII (MP) CeRER
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Sign Up13:16 PM, 16th August 2013, About 11 years ago
Hi Corinne
Are you considering buying for cash, or using a mortgage facility? If you choose to buy the property as a 'BTL' investment and you wish to arrange a BTL mortgage, the fact that one of the tenants is your daughter then that makes the BTL mortgage a 'regulated' contract and not all (in fact very few) lenders actually allow this.
If you do wish to progress this purchase using a mortgage then I strongly recommend that you sit down with a whole of market mortgage adviser to consider the options in 'black and white'.
On the subject of which type of tenancy agreement, I totally agree with Sams comment above "make sure you have a proper agreement – AST for tenant or excluded licence for a lodger. You never know when you need to fall back on this, and it’s best to have everything in writing, including house rules if there are going to be any" and in fact that is exactly what I have in place for a property that my daughter and her 'other half' rent from me...... just in case!
Howard
Mary Latham
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Sign Up13:44 PM, 16th August 2013, About 11 years ago
Just to throw a spanner in the works
I have seen arrangements like this go wrong so many times - no matter how you set up the contract. Even close friends often struggle to get on well when they are living together and your daughter will feel under constant pressure to keep the house in good order because you own it. This may make her friend feel like she cannot relax and enjoy living in the flat and could cause friction. There is also the underlying "your dad is rich" issue that can creep in if the sharer is struggling to pay the rent or bills.
When my daughters went to university everyone expected me to buy them a property to live in because I have been letting to students since 1972, but it is because I have been letting to students for so long that I know the pressures that can build up in a shared house - I'm sorry to say that girls are much worse for this than boys. Instead of buying them a house to live in I helped them to buy houses in my own letting area - I did not give them any money towards this but I did stand as a guarantor. I managed the properties at no cost and the income paid for them to rent a "normal" student property near their universities and also paid their bills and I am fairly sure that neither of them admitted to owning a property themselves so that their sharers were unaware of their financial situation and they could be just one of them. My eldest treated the rented property with respect and my youngest lost her deposit every year - just shows that even the children of landlords who had spent all their summer holidays watching mum cleaning after students did not act any differently to any other student.
When my girls left university they both lived in their properties for a while and one of them still owns hers while the other sold her house and moved out of the area using the money to buy another property (in fact she bought one to live in and one to let but that is another story). They will both be/were able to claim their "prime residence" allowances when they sell/sold and this provides a nice nest egg.
If you do decide to go ahead and either buy a property in your own name and rent it to your daughter and her friend do everything to make them equal and do not expect your daughter to be the property manager because this will feel like golden handcuffs in the end. A joint AST is what I would suggest
My book, where I warn about the storm clouds that are gathering for landlords is here >>> http://www.amazon.co.uk/dp/1484855337
andrew townshend
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Sign Up22:34 PM, 16th August 2013, About 11 years ago
Reply to the comment left by "Mary Latham" at "16/08/2013 - 13:44":
You are a clever sort Mary, this thread is of interest to me as I have my youngest daughter off to uni. I have thought of buying her a place down there (Plymouth) which is a long way from Norwich. You also point out the 'rich dad problem' I have 2 daughters and a son, all three have experienced problems with this, here again this is why I will not drive a Range Rover or similar as it displays wealth which causes all sorts of unpleasantness. Interesting thread - I look forward to reading everyone's comments.
Mark Alexander - Founder of Property118
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Sign Up22:40 PM, 16th August 2013, About 11 years ago
Reply to the comment left by "andrew townshend" at "16/08/2013 - 22:34":
Take another look at my very first thread Andrew and then combine that with the advice from Mary.
BTW - please update your Member Profile 🙂
.
Romain Garcin
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Sign Up23:41 PM, 16th August 2013, About 11 years ago
Whatever the legal arrangement the property will belong to the parents of one of them so they won't be 'equal'. If they were joint tenants and the parents/landlord had to sue for rent arrears I doubt they would include their daughter/son in the claim...
But that's a fact of life when one decides to move in a property owned by their friend's parents.
So the most important here is everyone's behaviour, especially the daughter/son's who should indeed probably avoid considering that (s)he is the boss.