Page 13 - Redbrik: Property and Lifestyle Summer 2018

WELCOME TO THE WORL
OF G PR
EW MI ISTER OF STATE FOR HOUSI G APPOI TE
Kit Malthouse has been appointed as Minister of State for Housing after
ominic Raab was promoted to Secretary of State for Exiting the EUe.
The Conservative MP for North Hampshire was previously the Parliamentary Under-Secretary of State for Family Support, Housing and Child Maintenance, a post he was given in January of this year.
Mr Malthouse said: “I am very pleased to have been appointed to the role of Minister for Housing and Planning in the Department for Housing, Communities and Local Government by the Prime Minister.
“I look forward to joining ministerial colleagues to work on one of the priority areas for the government.”
BA K OF MUM A A STILL GOI G STRO G
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On 25 May the EU’s General ata Protection Regulation (G PR) came into force, with the aim of strengthening data privacy and protection for all EU citizense.
It has brought data protection legislation in line with new, previously unforeseen ways that data is now used, and aims to give people more say over what companies can do
Consumers have been promised easier access to their own personal data in terms of how it is processed, with organisations
told that they need to detail how they use customer information in a clear and understandable way.
with their personal data. It also introduces potentially tougher fines for non-compliance and breaches.
Under the terms of GDPR, not
only will all businesses and organisations have to ensure that personal data is gathered legally and under strict conditions, but
those who collect and manage it
will be obliged to protect it from misuse and exploitation, as well
as to respect the rights of data owners – or face penalties for not doing so. Consumers have been promised easier access to their own personal data in terms of how it is processed, with organisations told that they need to detail how they use customer information in a clear and understandable way.
GDPR is ensuring that customers now have an easy way of opting out of their details being on a company’s mailing list.
Kirstie Snape, Operations Manager at Redbrik, commented: “We care very much about your data, it is important to us that you know how we use it. In order to comply with the GDPR, we have recently updated our privacy policy. This can be viewed in full on our website – www.redbrik.co.uk.”
The Bank of Mum and
provide funding towards around a quarter of property purchases this year, according to researche.
By the end of this year, friends and family will have helped 316,600 loved ones to buy a home, up from 298,000 in 2017.
The study, carried out by Legal & General and Cebr, calculates that the Bank of Mum and Dad will be equivalent to a £5.7 billion mortgage lender this year, supporting property purchases worth a total of more than £81 billion.
The typical sum lent for a property purchase this year will dip to £18,000 after peaking at £21,600 last year.
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