What this is
This notice sets out the ways in which Parkerhill Capital Ltd (secureinvest), will collect and use your personal data in providing you with a bridging or short-term loan secured against your property. It is important that you read and understand this document as this sets out how we store and process your personal data. It also gives detail on how and in what circumstances your data will be used and to which other third parties we will share the data in order to consider your loan application.
If you have any concerns or queries in regard to this, or the information set out within, please feel free to contact us to discuss further. You can contact our Data Protection Representative or Head of Compliance by the following methods:
In writing: Parkerhill Capital Limited, 101-113 Branston Street, Jewellery Quarter, Birmingham, B18 6BA
By phone: 03332 400 506
who we are
secureinvest is a bridging finance provider which means we make loans to consumers which are secured by way of a legal charge on the person’s home or other property. The loans we provide are generally short term in nature which means that they can last from 3 to 24 months in duration. The information that we use in order to provide our services may obtained from your financial advisor, data we request from you and details obtained from Credit Reference and Fraud Prevention Agencies.
why we collect your data
To enable secureinvest to assess an application for a loan we will require you to provide us with personal information necessary to understand:
•who we are making the loan to,
•your ability to afford to repay the loan over the term,
•other information which we would reasonably expect in order to aid us in fulfilling these requirements.
The requirements to ensure we have correctly and adequately identified each applicant for a loan is set out under money laundering legislation and regulation.
Personal Data we will require
To meet the above we may need to see all or a selection of the following information:
•Your full name
•Your date of birth
•Your current and previous address(es)
•Your contact details
•Your income details, including payslips and bank account statements
•Your household expenditures
•Passport, or driver’s licence, or other form of photo identification
•Credit card, personal loan, or other loan or mortgage statements
•Other relevant details required to establish your identity
•Other relevant information pertinent to the application for a loan
This list of data items we may ask you for in order to provide finance is not exhaustive and will depend on your personal financial situation. You should be aware that the company may ask for additional details in order to enable us to fully assess your application.
Any additional information will always be pertinent to your financial situation. Information that we will never ask for are details on:
•Your religious views
•Your sexual orientation
•Your trade union membership
•Your political views
What we do with your data
The primary reason that we collect your data is to enable us to make a decision on whether we are able to provide you with the finance you need and whether you will be able to repay based on the evidence you submit. Our decision to provide you with a loan is not guaranteed and will only be completed once we have received sufficient data, in our view, to enable us to objectively decide that you can afford the loan over its term. All personal data that you submit will be stored to our company databases and will only be used in the provision of this particular loan product. We do not pass any of your information to any other external third parties for any form of marketing purposes. If this changes at any time in the future you will receive a written request from this firm to provide your explicit consent.
With whom do we share your data
Your data will be shared with other, external data processors to assist us in providing you with finance.
•Credit Reference Agencies (CRAs)
•Fraud Prevention Agencies
•Statutory Bodies on their lawful request, e.g. NCA, police forces
Credit Reference Agencies
As well as the provision of your data to the above mentioned external agencies, secureinvest will also submit your data to a Credit Reference Agency (CRA) as part of the application process for the assessment of a loan. Submission of your data will enable us to view your current credit profile giving details of your financial commitments held across the market. We use this information as part of our assessment of your application. You should note that when we perform a search on your credit file a record of this search will not be displayed to any other firm that searches your profile and will only be visible to you. The identities of the CRAs, their role as fraud prevention agencies, the data they hold, the ways in which they use and share your personal information, data retention periods, and your data protection rights can be obtained from our Data Protection Representative at the above address.
Fraud Prevention Agencies
As part of the application process, and in our legitimate interest to prevent financial crime, secureinvest will use your personal data to ensure against fraud and money laundering. In order to do this, we may submit your data to specific fraud and money laundering prevention agencies. Details of which agencies we use can be obtained from our Data Protection Representative at the above address. We and the particular agencies may also enable law enforcement agencies, where there is a statutory requirement, to access and use your personal data to detect, investigate and prevent crime. If we, or one of the mentioned agencies, determine that you pose a fraud or money laundering risk, we, and others, may refuse to provide the services and financing you have requested or may request. A record of any fraud or money laundering risk will be retained by the fraud prevention agencies, and may result in others refusing to provide services, financing, or employment to you. If you have any questions about this, please contact us on the details provided. These agencies can hold your personal data for different periods of time, and if you are considered to pose a fraud or money laundering risk, your data can be held for up to six years.
In some circumstances, your data will be shared with our external funders to enable them to determine whether they will be able to provide finance on the loan application you have made.
Your personal data will be submitted to a surveyor to carry out a valuation on your property. The data passed will only consist of sufficient information they require in order to carry out this specific function.
As part of the loan process, we will pass your data to solicitors acting on behalf of the company. These details will only be shared to facilitate the completion of a loan and the management of the transfer of funds to that solicitor acting on your behalf.
Retention of your data
Secureinvest will store your personal data only for as long as it is necessary for us to maintain the relationship that has been established through your application for a bridging or short-term loan.
Where secureinvest provides credit to you, we will securely retain your personal details for at least the term of the credit agreement plus six years and will update these details should you notify us of any material change during this period.
Should you redeem your loan before the end of the contractual term, we will retain your personal data for at least seven years from the date of redemption in order for us to meet our regulatory responsibilities.
In any instance where you ask us to cease processing your personal data prior to the completion of your application, secureinvest will retain your personal data for a period not greater than two years from the date of your request to cease processing your data in order that we meet our regulatory obligations. When your loan draws down we will be unable to facilitate any request to cease processing of your data until such time as the loan completes plus six years.
Your personal data is protected by legal rights which includes your rights to:
•object to our processing of your data,
•request that your data is erased or corrected
•portability of your data, i.e. request that it be sent to another Data Controller
•request access to your personal data
Where you request secureinvest to cease processing your data prior to the assessment of your application for finance through secureinvest, this will affect our ability to assess your application and provide finance to you.
The right to your objection to our processing, or request erasure of your data is subject to our regulatory and legislative responsibilities as well as to the correct maintenance of any contract that we may enter into for the provision of investment opportunities. This means that we have a legal necessity to retain your data while you have a loan underway with the company in order that we correctly manage the contract set out at the signing of your loan offer. We also must retain your data for a period of six years after the completion of any loans with the business to meet our regulatory obligations.
Where we have made an error on your data and you wish to submit a correction please contact us via the above methods.
The above contact details should also be used to request copy of all personal data we hold on you. We will endeavour to provide all data that we hold as soon as possible upon receipt of your request and will take no longer than 30 days to do so.
You have the right to request that data which we hold is passed to another Data Controller for their use on your behalf via a “machine readable” format. This can be requested from the Data Protection Representative of secureinvest.
All Data that secureinvest collects is controlled and stored within the UK. We do not transfer data to any entity outside of the UK or the EEA. Where this does occur, we will inform you of the situation and seek your consent prior to the initiation of the transfer.
Welcome to secureinvest.com
Please read these terms and conditions carefully and print a copy for your future reference. By using the services provided via the secureinvest website, you confirm that you have read, understood and agree to the Terms and where you are acting on behalf of a limited company, LLP, partnership or public body (a “Corporate Entity”), that they agree to the Terms. If you do not agree to the Terms you must stop using the secureinvest website immediately.
References in these terms and conditions to “we”, “us” and “our” means secureinvest, a trading name of Parkerhill Capital Ltd. References to “systems”, or “platform”, means the secureinvest website, any other online services provided by us and any data managed by, displayed on or transmitted from such services. References to “you”, “your” and “borrower” refers to the user or viewer of our website.
Secureinvest is a trading name of Parkerhill Capital Ltd, a private limited company registered in England and Wales under company number 8753509 with its registered office and principal place of business at 101-113 Branston Street, Jewellery Quarter, Birmingham, B18 6BA.
- Borrowers can be individuals (sole traders) or legal entities;
- Borrowers must be established or resident in the UK with a UK bank or building society account;
- If sole traders, borrowers must be borrowing for business purposes;
- Borrowers must be seeking loans of £26,500 or more;
- Borrowers must be seeking loans with a repayment term not exceeding 24 months;
- Borrowers must not use any of the loan amount to lend to others;
- Borrowers must be able to offer a first charge security on property, with a maximum LTV ratio of 75%.
- The business purpose of the borrowing should be property related (although this is not a hard and fast rule and we may allow borrowing for other business purposes on a case-by-case basis).
Each agreement between the borrower and secureinvest comprises a Loan Agreement, a Loan Confirmation and an accompanying Term Sheet setting out the specific details of the loan (together the “Loan Contract”).
You are permitted to download and print content from this platform solely for your own personal use or in the course of your business to the extent required to use the services provided on this platform. Secureinvest supplied content must not be copied or reproduced, modified, redistributed, used or otherwise dealt with for any other reason without our express written consent.
You agree to use the website only for lawful purposes and in a way, which does not infringe the rights of any anyone else or restrict or inhibit anyone else’s use and enjoyment of the website.
You agree not to use the secureinvest platform or any information accessible on or obtained from it for the purpose of canvassing or soliciting any person or enticing any person away from secureinvest.
You warrant that you have taken all reasonable precautions to ensure that any data you upload or otherwise submit to the platform is free from viruses and anything else which may have a contaminating or destructive effect on any part of the platform or any other technology.
The content and material available through the platform is for informational purposes only and should not be regarded as an offer, solicitation, invitation, advice or recommendation to buy or sell investments, securities or any other financial services or banking product. If you are unsure about whether a product is suitable you should contact an independent financial adviser.
We accept no responsibility or liability for your use of content on the platform and such use is entirely at your own risk. While we take reasonable precautions to prevent the existence of computer viruses or other malicious programs on the platform, we accept no liability for them if they do exist. It is your responsibility to use, update and maintain appropriate antivirus software on your computer.
Information transmitted via our systems will pass over public telecommunications networks. We accept no liability if communications sent via the platform are intercepted by third parties or incorrectly delivered or not delivered.
The platform may contain links to third party websites. We accept no responsibility or liability for any material supplied by or contained on any third-party website which is linked from or to the platform, or any use of personal data by such third party.
We may update the secureinvest Platform from time to time. However, please note that any of the content on the platform may be out of date at any given time, and we are under no obligation to update it. We do not guarantee that the platform, or any content on it, will be free from errors or omissions.
You cannot include a link to the platform on any other website, computer or network without our prior written consent.
This website contains material which is owned by or licensed to us. This material includes, but is not limited to, the design, layout, look, appearance and graphics. Reproduction is prohibited other than in accordance with the copyright notice, which forms part of these terms and conditions.
All trademarks reproduced in this website, which are not the property of, or licensed to the operator, are acknowledged on the website.
Unauthorised use of this website may give rise to a claim for damages and/or be a criminal offence.
Our liability to you
secureinvest shall not be liable to you for any loss or damage which you may suffer as a result of using the services provided via the platform, except where such loss or damage arises from our breach of these Terms or was caused by negligence, wilful default or fraud by us or our employees.
Nothing in these terms and conditions shall limit secureinvest’s liability for personal injury or death, fraud, or for any other liability the exclusion or limitation of which is not permitted by applicable law or regulation, including under the Financial Services and Markets Act 2000.
Should you have any questions about these terms and conditions, or wish to contact us for any reason whatsoever, please contact us on the secureinvest website www.secureinvest.com. The Help Centre is open 09:00 to 17:00 Monday to Friday (excluding public bank holidays).