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.
christine walker
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Sign Up8:36 AM, 30th December 2017, About 7 years ago
Reply to the comment left by Cheryl Marchelak at 29/12/2017 - 14:30
Morning Cheryl, I can see the draw of that sort of price,but bear in mnid a lot of properties at that price will have to be upgraded in 2018 to a much better standard than they are in when you purchase at that price,with a view to letting in the private rental sector. they will need rewiring,new kitchen,new bathroom, lining of walls and floors probably,and this becomes a very expensive project. Also many corporate investors are now providing purpose built accommodation for students and the standards are very good compared to my time at university when we all lived in hell holes.the house at DN17 1HG is all ready to go and rents very easily as it is close to the teaching hospital,British steel ETC. I know because I own some in that area and the agent i use is crying out for property to let in that area. Hope you have a look and think about it, also you have to watch out for the new licencing laws in bigger cities as they are about to change,and also the right to let laws.Hope this is helpful
Luke P
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Sign Up8:53 AM, 30th December 2017, About 7 years ago
Reply to the comment left by christine walker at 29/12/2017 - 10:49
That property may fall under the proposed Selective Licensing area, Christine.
christine walker
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Sign Up9:00 AM, 30th December 2017, About 7 years ago
Reply to the comment left by Luke P at 30/12/2017 - 08:53
Morning Luke, I have already looked into that luke and i don't think Scunthorpe or Bottesford will be affected, unless you know something i don't/
Alison King
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Sign Up11:16 AM, 30th December 2017, About 7 years ago
I suggest you go along to a local landlord group. You can find these via the Internet. In my experience they are friendly and informative and you will meet people who have done what you are planning to do and can swap experiences.
Graham Bowcock
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Sign Up11:46 AM, 30th December 2017, About 7 years ago
Dear Cheryl
I am all for encouraging people to get involved in the BTL market and think there are some real opportunities and I have some comments on your proposal.
Very low value properties (c£40-50k) that are viable letting prospects are, in reality, few and far between. It is true that the yields can be very good (10-12%+) but the yield reflects the work involved. I come across people operating in this sector and they do very well, but they work very hard to maintain their yields. At this level it is not really "let and leave"; there will be more tenant issues, more arrears to chase, more damage and less demand when the property is vacant. In essence the yield reflects the work involved. If you are remote from your property you will lose out by having to pay out more for contractors/management. If you buy local to where you live then you will save some costs by overseeing certain aspects yourself.
Despite being a time served property adviser and investor I would not want to get involved in this level of property as it does not suit what me and my family want to do. Credit to those who do it very well.
For something with perhaps less work (and a lower yield) you will need more money. £20k does not go very far at any level - do you, for example, have a contingency for a new boiler, roof repairs, voids, etc.?
I think you need to be careful about the area you choose to buy in; if operating at a distance you will need to put a lot of time into research - meeting several local agents (you definitely need one), monitoring what is on the market to sell, rent, how long they are on for, etc. You cannot afford to take anything at face value.
Don't forget that even when you use an agent the legal responsibility for the property (and compliance) will rest with you. This is an important consideration.
When I talk to potential investors I usually steer them towards their local market unless they have a very specific business plan. Most people are familiar with the nuances of their local areas and can invest/manage accordingly.
I am sorry if this is putting you off. This is not my intention; we all started somewhere, although it is getting tougher than when some of us first bought (25 years ago in my case). You just need to be very careful when risking all that you have and make sure you are well informed.
I wish you every success.
Graham
Luke P
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Sign Up15:57 PM, 30th December 2017, About 7 years ago
Reply to the comment left by christine walker at 30/12/2017 - 09:00
Consultation for SL pilot scheme (sure to expand) for Town and Crosby & Park wards is underway (actually extended because of mine and a small group of others’ complaints that it hadn’t been carried out for the correct length of time). See: http://www.northlincs.gov.uk/_resources/assets/attachment/full/0/39294.pdf
It’s also headed to NELC too this coming year.
christine walker
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Sign Up12:36 PM, 31st December 2017, About 7 years ago
Reply to the comment left by Luke P at 30/12/2017 - 15:57
That is very interesting reading ,and thank you for giving me the link ,but I suppose all areas eventually will have selective licencing as it's another cash cow for local councils to milk.
Steve Hards
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Sign Up13:28 PM, 31st December 2017, About 7 years ago
Hi Cheryl,
I guess that you are thinking about cashing in the gold shares now because the stock market is high at the moment BUT you should not assume that property is going to continue to be the good investment it has been seen to be in the UK the past 20-30 years. Why do you think so many experienced landlords are selling up right now? What do you think Brexit and/or the next global crash, when it comes, are going to do to job prospects, house prices and rents, particularly in the low-cost areas of the country you are thinking of buying in?
You don't need to rush into this. I'd suggest that you spend the next year on your education about financial matters and investing. After a while you won't need to ask these "novice" questions and you will make a better decision.
A good place to start your education is to read 'Rich Dad, Poor Dad' by Robert Kiyosaki and 'How to Own The World' by Andrew Craig. Read them in that order. You will find them both on Amazon.
'Rich Dad, Poor Dad' can fundamentally change your understanding of money. For that, it's worth reading several times to help it sink in. However, it was written some time ago and so you may want to ignore the author's praise of Donald Trump towards the end 🙂 What's more, the strategies the author used to make his money were good for him in his time and in the USA, but are not good for us in the UK given our current tax regime and regulations. However, we do have other opportunities to arranging things so that our money works for us, not us for it. That's what 'How to Own The World' is about, which is recent and UK-based. In particular, see what he has to say about the real returns on property versus a diversified investment portfolio. The author has a website, Plain English Finance. https://plainenglishfinance.co.uk/
You may also find it interesting to explore the YouTube videos of Graham Rowan of the Elite Investor Club. Some people don't like his style but he does challenge you to think about what's going on. Here's a link to his A-Z of investing, which is a good place to start. https://www.youtube.com/playlist?list=PLmMyLbGWiHq0EJkquUuLcb1kdlIbyyTEI
You are so lucky to be at the place you are now, with your father's shares and the most valuable thing of all, TIME to build your assets and let them grow. Just hold back from jumping into property until you have a better understanding of the wider investment picture.
Best of luck to you, Steve
Luke P
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Sign Up13:30 PM, 31st December 2017, About 7 years ago
Reply to the comment left by christine walker at 31/12/2017 - 12:36
The money is one thing, Christine and painful though it is, you can always make more.
The real problem comes with the conditions…essentially they want to mak LLs responsible for all the Council/Social Services/Police’s failings. ASB by tenant (or their guests) within ‘the vicinity’ of the BTL: LLs fault = licence revoked; ‘enviro-crime’ by tenant: LLs fault = licence revoked; live too far away from BTL & not using an agent = no licence; ‘no-fault’ disaster at licensed property = LL responsible for rehoming tenant at their cost; no 24hr contact = no licence…
Luke P
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Sign Up13:32 PM, 31st December 2017, About 7 years ago
Reply to the comment left by Luke P at 31/12/2017 - 13:30
My favourite…provision of documents in tenants native language, particularly bins/recycling info, a licence requirement.