Privacy Policy

Property505 Ltd, (“We”) are committed to protecting and respecting your privacy.

 

This policy sets out the basis on which any personal data We collect from you, or that you provide to us, will be processed by us. Please read the following carefully to understand our views and practices regarding your personal data and how We will treat it. By visiting www.property505.co.uk you are accepting and consenting to the practices described in this policy.

 

For the purpose of the Data Protection Act 1998 (the “Act”), the data controller is Property505 Ltd of Property505, Unit 29, Highcroft Industrial Park, Enterprise Road, Waterlooville, PO8 0BT

Information We May Collect From You

We may collect and process the following data about you:

Cookies

Our website uses cookies to distinguish you from other users of our website. This helps us to provide you with a good experience when you browse our website and also allows us to improve our site. For detailed information on the cookies We use and the purposes for which We use them see our Cookie policy.

Uses Made of the Information

We use information held about you in the following ways:

Disclosure of Your Information

We may share your information with selected third parties including:

We may disclose your personal information to third parties:

Where We Store Your Personal Data

The data that We collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may also be processed by staff operating outside the EEA who work for us, one of our suppliers or for our Booking Provider and Payment Processor. Such staff maybe engaged in, among other things, the fulfilment of your order, the processing of your payment details and the provision of support services. By submitting your personal data, you agree to this transfer, storing or processing. We will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this privacy policy.

All information you provide to us is stored on our secure servers.

Any payment transactions will be made through our Payment Processor who will be responsible for the protection of the information that you provide to them.

Unfortunately, the transmission of information via the internet is not completely secure. Although We will do our best to protect your personal data, We cannot guarantee the security of your data transmitted to our site; any transmission is at your own risk. Once We have received your information, We will use strict procedures and security features to try to prevent unauthorised access.

Your Rights

You have the right to ask us to amend, or delete your data at any time. We encourage you to keep information we hold up to date, such that we can send you emails, opportunities & other marketing from ourselves relevant to you. You can also exercise the right at any time by contacting us at info@property505.co.uk. At the entering of such a request, we will aim to delete your information forthwith, and information will be deleted within 30 days of the request, although some data may remain viewable in cached and archived pages of our sites for a period of time.

 

Our site may, from time to time, contain links to and from the websites of our partner networks, advertisers and affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that We do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

Access to Information

The Act gives you the right to access information held about you. Your right of access can be exercised in accordance with the Act.

Changes to our Privacy Policy

Any changes We may make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail. Please check back frequently to see any updates or changes to our privacy policy.

Contact

Questions, comments and requests regarding this privacy policy are welcomed and should be addressed to info@property505.co.uk

Why the name Property505?

When I first met my wife, she lived in London and I lived in Suffolk. I would travel as often as I could to see her, and the road that connected us was the A505 past Royston. I remember making that journey with excitement and anticipation every time, which is very similar to the excitement you feel investing in property for the first time.

My wife and I started this company together, and I wanted the name to be meaningful to both of us. So we chose Property505.

Then, when I googled the number 505, I found this wonderful response:

Why the name Property505

The mission of Property505 is echoed in these exact words, as this is what our services do for our clients. We change their lives for the better. I couldn’t have hoped for a more perfect fit, and so the name Property505 was born.

Will I have a mortgage on the property?

Yes, you will typically have an interest only Buy-to-Let mortgage to the value of 75% of the value of the property.

Why interest only you may ask? Because you want to maximise your cash flow and therefore paying off the principal isn’t in your best interests. You will also want to remortgage in 5-6 years and release the equity that has built up over time so that you can buy more properties. If you are going to release equity in the future anyway it makes little sense to reduce your cash flow in the short term.

At the end of the program, will I own the Property in a Limited company or my personal name?

At the end of the program, you will own the property through a limited company.

Please note that I am not a licensed financial advisor or accountant, and I always recommend seeking professional advice when considering the tax implications of owning property.

Owning property through a limited company is widely accepted to be the most tax-efficient method. This is because you are exempt from Section 24 tax, which affects private landlords. Section 24 tax means that private landlords are taxed on the full rental income of the properties they own, without being able to offset their mortgage payments as deductible expenses.

For example, if you rent out a property for £1,000 per month and your mortgage is £500 per month, you will pay tax on the full £1,000 income as a private landlord. However, if you own the property through a limited company, you will only pay tax on the profits, which is £500 per month less insurances and fees.

Another significant advantage of owning property through a limited company arises when you have additional income that pushes you into a higher tax bracket. If you hold the property in your own name and you’re already earning more than £50,000/year, you’ll be subject to higher income tax rates (40% or 45%) on your rental income. However, with a limited company, you only pay corporation tax, which starts at a lower rate of 19% of profits.

Yes, Send It Over Now!

We Respect Your Privacy. Your Information Will Never Be Shared

Yes, Send It Over Now!

We Respect Your Privacy. Your Information Will Never Be Shared

Yes, Send It Over Now!

We Respect Your Privacy. Your Information Will Never Be Shared

Yes, Send It Over Now!

We Respect Your Privacy. Your Information Will Never Be Shared