Privacy Notice (Prospective Investor & Investor)

The Data Controller connected with this Privacy Notice is London IPM Ltd, trading as L2 International.

1. Purpose (Prospective Investor)
In this instance your data is being processed for the specific purpose of providing you with information about property you may wish to consider investing in.

1.1. Lawful Basis
The collection of your data for this purpose is under the Lawful Basis of Consent. We require basic contact information so that we may communicate with you in order to provide our service.

1.2. Information Collected
The personal data we will collect and process about you in connection with this purpose is:

1.2.1. Name
1.2.2. Email Address
1.2.3. Telephone Number(s)
1.2.4. Postal Address

In addition, we may collect other non-personal data regarding your property preferences.

1.3. Retention
Under the Lawful Basis referenced in paragraph 2, your data will be retained until you request we delete it, or we deem we have no further purpose for retaining it.

2. Purpose (Investor)
In this instance your data is being processed for the specific purpose of buying property through L2 International.

2.1. Lawful Basis
The collection of your data for this purpose is under the Lawful Basis of Contract because we require this information in order to manage the formation and execution of a contract between you, the Investor / Buyer and the Developer / Seller of the property.

2.2. Information Collected
The personal data we will collect and process about you in connection with this purpose is:

2.2.1. Name
2.2.2. Address
2.2.3. Telephone number(s)
2.2.4. Email Address
2.2.5. WeChat Address
2.2.6. Nationality
2.2.7. Occupation
2.2.8. Company details (if a company purchase)
2.2.9. Proof of ID
2.2.10. Proof of Address
2.2.11. Proof of funds
2.2.12. Credit Card details (to pay the reservation fee)

In addition, we may collect other non-personal data such as:

2.2.13. Lawyer’s details
2.2.14. Finance – Adviser’s / Broker’s details
2.2.15. Bank details

2.3. Retention
Under the Lawful Basis referenced in paragraph 2, your data will be retained to the end of the financial year in which your property purchase is completed and for a further 6 years thereafter in accordance with HMRC requirements for financial record keeping. Thereafter some details of the property will be retained indefinitely for historical record keeping purposes, to aid any future evaluation of the property, past sales activity and property value.

3. Destruction
At the end of this retention period your data will be destroyed using an approved method unless prevented by Court order.

4. Data Sharing
Whilst we control your personal data we will need to share this data with the following parties, for the following purposes, in order to provide you with the services you are seeking from us. These data sharing arrangements are governed by contractual clauses or a specific data sharing agreement:

4.1. Bespoke Systems Ltd and Microsoft for the sole purpose of storing our Company’s electronic data (consumer database and associated records).

4.2. Developers whose property L2 International has been asked to market, for the purpose of arranging viewings.

4.3. The Seller / Developer for the purpose of expediting the purchase.

4.4. The Investor’s / Buyer’s and Seller’s / Developer’s lawyers for the sole purpose of facilitating the purchase. The details of these firms will be made known to you in the Memorandum of Sale, which will be issued to all parties at the point at which the purchase is agreed, subject to contract.

4.5. Regulatory bodies within the United Kingdom, such as Her Majesty’s Revenue & Customs (HMRC) as legally required.

5. Rights of the Data Subject
5.1. Under the General Data Protection Regulation, you, the Data Subject have certain rights regarding the control and processing of your personal data. Details regarding your rights can be found on the Information Commissioner’s Office (ICO) website.

5.2. Should you wish to contact L2 International in order to exercise any of these rights, please email our Data Protection Administrator using the following email address: jassie.tseng@L2international.com Alternatively, please call +44 (0)7462 782 360 and ask to speak with Jassie Tseng.

6. Security
6.1. Recognising the importance of personal data to our consumers, we endeavour to put in place appropriate organisational and technical measures to protect that data.

6.2. Personal data we hold on electronic media is encrypted and stored in a secure data centre located in the UK.

6.3. We do not generally hold personal data on paper. Where we do take it, we shred it just as soon as the details have been transferred onto our IT systems.

6.4. Data Subjects should be aware that not all electronic communications are secure. We use Transport Layer Security (TLS) to encrypt and protect email traffic in line with government advice. However, if your email service does not support TLS, you should be aware that any emails we send or receive may not be protected in transit.

6.5. We will also monitor any emails sent to us, including file attachments, for viruses or malicious software. Please be aware that you have a responsibility to ensure that any email you send is within the bounds of the law.

7. Additional Services
As a consumer of our services, we may occasionally contact you to make you aware of other similar services we offer, which we feel could be of assistance to you. Such communications will be sent to you under the Privacy and Electronic Communications Regulations and you will be given the option to opt out of similar communications on each occasion.

8. Data Protection Concerns
Should you have any concerns regarding the way an organisation is processing your personal data, the ICO recommends that in the first instance you contact the organisation concerned. If the organisation does not address those concerns in an appropriate manner, you then have the option to escalate the issue to the ICO. If you wish to contact us because you have concerns about our use of your personal data, please contact us using the details provided in paragraph 7.2.

9. Updates
This Privacy Notice is kept under review and it is update as appropriate. It was last updated on 22nd April 2021.