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.
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Sign Up23:28 PM, 6th July 2012, About 12 years ago
Every situation is different but how much should a LL consider provision should be made for any potential heirs.
How hard should you work for the next generation.
Do you owe them anything!?
You might want to pas a little benefit on but should you really cause yourself so much detriment inb hard work to provision the coming generation with their own self supporting financial structure.
The maximum help I would EVER have wanted would have been for there to be sufficient monies to pay my mortgage cosats.
I would then have not been in such a tight situation all my life and I would have definitely appreciated that level of assistance.
I think Sir Richard Branson has alread stated he is not going to leave loads of money to his heirs.
there is more to life than just easy money.
Why should you work your -uts off for your dependents and not have the enjoyments of your labours.
So what if you spend it all, it is yours to spend as you wish.
Personally I am in desperate financial straits but I don't care I want my mother who has just downsized to go and spend the money whilst she is still physically capable of enjoying the money.
Mind you that is not my sister's attitude who is a money-grabbing -itch.
So I think moideration in things.
So a little bit of assistance maybe but not all the fruits of your labours, you should cash most of it in and spend it whilst you can as you can't take it with you.
Mark Alexander - Founder of Property118
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Sign Up23:40 PM, 6th July 2012, About 12 years ago
My understanding from comments on other threads Paul is that you are also retired yourself. Under those circumstances, absolutely your Mum shouldn't be expected to support you. If you have children yourself the likelihood is they could be nearly as old as me and they should not expect you to provide for them either. If you have grandchildren though I suspect they will still be of school age. Now in that case, I would expect for their parents to provide for them and make provisions to do so if their contributions to the household stop for any insurable reason too. I publishing another blog tomorrow at 9am. As an ex fire and rescue person this story will no doubt bring back some memories for you. It's called Barry's story.
PS - some landlords couldn't or don't want to spend everything before they die. For some people, and I'm one of them, leaving a legacy is important.
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Sign Up11:45 AM, 7th July 2012, About 12 years ago
Thank you Mark, I have emailed you.
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Sign Up21:28 PM, 7th July 2012, About 12 years ago
Yes agreed Mark it is all about the choices you wish to make.
However I don't believe there is an obligation to work hard for the next generation whilst you suffer all the hard work without the benefits of such hard work being available to you.
Of course should you choose to do so that is not an incorrect choice, it is just your choice.
Nobody can dictate as to which way you choose to conduct your lifestyle.
Certainly not having ANY dependents that I am aware of!!, I have NO obligations.
Never having such circumstances I can't really say what I would do.
Legacies though are all well and good but should you really bust a gut just to make someones elses life easier no matter how you might be related.
I think moderation in everything.
So I say due consideration for a legacy circumstance but not to the point you work yourself into an early grave just so the beneficeries of your legacies can put their feet up and have an easy life on you.
I think you do have a responsibility to yourself to enjoy the fruits of your labours, but still at the same time arranging to leave some sort of legacy consideration behind if you wish.
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Sign Up9:53 AM, 9th July 2012, About 12 years ago
My partner has died aged 38 without any will in place he has nine properties one without a mortgage seven are buy to lets and one residential. He has a surviving father of 64 and a brother.
I do not work as was living with my partner and am also pregnant with our child.
about half the loans are above 80% loan to value and remainder would equate to approx about £350,000 equity, will all these properties have to be sold to clear the mortgages or possibly transferred to his estate ? his Father intends to appoint an executor re probate , also will there be an Inheritence tax liablity ? I am also concerned as to how long I can stay in my late partners property! His father is consdiering remarrying soon so would this effect my child ( his grandchilds future lineage ).No life cover was held.
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Sign Up13:33 PM, 9th July 2012, About 12 years ago
Under the Laws of Intestacy, your partner's estate will be handled according to the laws of intestate succession. You say 'partner' so I assume that you were not married?
If this is the case (i.e. your partner sadly died without a valid Will, he wasn't legally married and he has no living children), the beneficiaries of your partner's estate - according to the family tree you have described - are his living parents (father only?).
Of course this is a matter between you and your partner's father and possibly (if you need to) legal advisers too, to establish 'dependants' benefits / rights.
Your situation, as you have explained above, perfectly endorses my previous points that the matter of making a Will and implementing life insurance is absolutely ESSENTIAL and that placing policies in Trust (especially for unmarried partners) is equally as important too - although, as previously stated, our experience shows that a policy bought online, or from a supermarket RARELY comes with any proper supporting financial advice, even though the relatively small cost of implementing a Will and life assurance massively outweighs the cost of inheritance tax (as may currently be the case for your partner's father).
Other potential issues - as per the correct reason behind this websites life insurance calculator for landlords - is the need to find the funds to repay mortgages and ultimately. Of course a Will can also specify beneficiaries (irrespective of marital status), as well as detailing distribution of assets and can also help to mitigate other tax and final expenses too.
Your situation probably does need the assistance of a solicitor to ensure the correct distribution of your partner's estate, but please also consider advice from a face to face financial adviser who can assess and if necessary arrange an updated financial plan for you and your baby.
Professional Adviser
Mark Alexander - Founder of Property118
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Sign Up15:41 PM, 9th July 2012, About 12 years ago
Please accept my deepest condolences. As moderator to this website I am in the unique position of being able to see your email address. I have sent you a more detailed email as I felt it was not appropriate to ask for more information, with a view to being able to assist you further, in a public environment.
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Sign Up3:56 AM, 10th July 2012, About 12 years ago
I would suggest you are stuffed.
Get down to the council and advise them of your circumstances.
You will be homeless in the not to distant future unless your partner's father feels generous.
I think you will be lucky with any equity after the properties are sold at auction.
In fact you are entitled to be housed now as technically you have no right of ocupation of the property you are in.
You are or will be entitled to a 2 bed place all paid for by benefit.
You won't have to work for 5 years after the child is boirn.
You will live quite a nice lifestyle on benefit.
But you are essentially at the mercy of the executors.
They may have to make unpleasant decisions because of tax circumstances.
Don't reckon on remaining where you are.
Start looking for rental accommodation.
Your present lifestyle will suffer it would seem.
It really all depends on the grandfather of your soon to be born child.
I wouldn't rely on him.
Draw up alternative plans as you good be booted out of the property.
You have no tenure whatsoever.
Indeed you are essentially squatting
You could be removed by bailiffs 1 month after a court notice.
A word with the CAB might be a good idea.
Were you in Scotland you would be in a far better situation as people like you have certtain rights.
This is NOT the case in England yet.
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Sign Up7:13 AM, 10th July 2012, About 12 years ago
Perhaps when BTL mortgages are sold there should be an obligatory consultation on the ramifications of LL death.
Personally I couldn't care as I have no dependeants.But clearly if you have a property portfolio that is performing providing the LTV's etc remain the same I cannot see why such property could not be transferred to a beneficiary even if under legal age.
Death it seems causes distress sales when really the beneficiaries could agree to keeping everything going if only the lenders agreed.
such distress sales could actually cause losses with possibly no recovery whaeras keeping the portfolio going might prevent such such loss if there is positive cashflow.
However govts don't like this they want to get their grubby mitts on any tax possibility whhich is which the suggested life insurance etc solutions might prevent distress sales of such well performing property.
Certainly consideration as to what might happen to a portfolio in the event of untimely demise is not something that most LL have thought about.
Certainly I would now consider such circumstances were I ever in a situation that would warrant this life insurance solution.
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Sign Up9:45 AM, 10th July 2012, About 12 years ago
Hello Paul - My own personal Client files show that we do indeed bring up the subject of life cover for EVERY BTL mortgage arranged (this is our standard process and an element of our Fact Find checklist) as we have felt for years that irrespective of whether a mortgage is for a residential home or a BTL investment that ultimately a mortgage is a debt and a debt needs to be repaid to the lender on death. The replies we have on record range from the grateful Clients who had not thought of the ramifications before and who then implement proper financial strategies in the event of death, to those people who have other strategies (such as separate investments /cash which could be used) to those people who reject our proposals / recommendations irrespective of whether they have families, dependents or otherwise.
The simple issue of taking out life cover (written 'properly' in Trust) is such a low cost, quick, tax-efficient and transparent solution that I still wonder (in sad amazement) why the vast majority of mortgage 'salesmen' don't strongly recommend it to all of their Clients.
In summary, a mortgage is a debt which must be repaid, whereas property (if properly protected with financial strategies in situ) can be passed as inheritances without issue saving peoples homes, families inheritances and also - as you say - saving the value of property as they don't then get sold cheaply as probate sales by the forced-sale lenders.
Honestly, and this goes to the general public reading my rants - how many BTL borrowers have considered the serious implications of leaving their loved ones the stress, heartache, emotional drain and possible loss of income, assets, investments and future financial security because they did not have the opportunity of being 'face to face' advised previously?
Anyone can buy a policy - most people who have though, do not have sufficient cover (there is a recent study showing a £1.3trillion protection gap in the UK) and for those who do have some cover in place how many have their policies written in Trust?
Did you know that it's not just life cover that can be placed in to Trust, but also pensions, investments and even properties too?
The final point today (too many meetings now to prepare for and attend!) is that it's not just the 'accidental landlord' that doesn't prepare appropriately, but so many professional / portfolio landlords that we have become across who don't either.
Maybe I should start a campaign! 🙂
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