![]() |
Book a demoLet a friendly Gnomen expert answer all of your questions and take you through the system online in 15 minutes. Just choose a time that suits you. |
The introduction of strict new data regulations is now only a matter of days away.
On Friday 25 May 2018, the General Data Protection Regulation (GDPR) will replace the Data Protection Act 1998 and apply to all countries in the EU.
As Britain is still a member of the union at this point, the new rules will be unaffected by Brexit.
A quick summary
The main aim of GDPR is to tighten up any data weak spots, in the process making individuals and organisations less vulnerable to data breaches. In addition to this, citizens will be given greater control over their personal data than ever before – with companies forced to ask permission to use data in a certain way and to keep people informed of how their data is being used and stored.
Once GDPR has been implemented, people will have a number of rights when it comes to data, including but not limited to the right to erasure, the right to object, the right of access, the right to be informed and the right to data portability.
The regulatory environment for businesses - which can often be messy and complicated – will also be simplified to ensure everyone is on the same page.
GDPR is particularly applicable to those who use or handle large volumes of personal data, such as estate agents, letting agents and property management firms, with considerable fines for those who don’t play by the rule book.
The fines for non-compliance, issued by the Information Commissioner’s Office (ICO) – the official data protection watchdog - will be up to €10 million, or 2% annual global turnover (whichever is higher), or up to €20 million, or 4% annual global turnover (whichever is higher). The fines are discretionary and based on a case-by-case basis, and not all acts of non-compliance will be punished equally.
The importance of being GDPR-compliant
At Gnomen, we take compliance – and the new regulations – very seriously. As such, we have made a number of modifications to our business model to help our customers be compliant.
This includes UK data centres, 256 BIT encryption and the ability to gain mass consent from database contacts.
What’s more, our software and websites provide our clients with the options to unsubscribe and manage subscriptions, as well as providing automatic registration emails and data cleansing options.
With so much to consider with the new data regulations, having these options available will help no end when it comes to being fully compliant and ensuring best practice at all times.
In a new GDPR world, there will need to be total transparency and accountability with regards to data and data protection. Having a bespoke, well-functioning website with numerous cutting-edge features, and a property software system that is secure, responsive and can be managed from anywhere in the world at a click of a button, will help towards making that possible.
To find out what Gnomen can do for you – and how we are GDPR compliant – you can call 0208 123 9019 or book a free demo here.
For more information about GDPR the ICO’s website is a useful resource, with a comprehensive guide into how to be fully compliant.
We also took a more in-depth look at the new data protection legislation in this previous blog.
As a letting agent, it will help your cause if you know what tenants want, as you can then offer advice to your landlords on where they might want to be focusing their attentions when sourcing new tenants – or trying to keep existing ones in place.
There has been much debate in recent years around classing high-speed broadband as a utility, given its importance to the modern world and the smooth functioning of the UK's increasingly tech-led, digitised economy.
With 2020 nearly upon us, and the recent emphatic win by the Conservatives expected to provide some stability and certainty after years of the opposite.
Thanks to a fast-moving world, how we now communicate in all parts of life is very different to how we communicated even a decade ago.
It was recently revealed that reservation agreements – locking buyers and sellers into a deal to prevent fall-throughs and chains from collapsing – are to be trialled by some agencies and conveyancers in early 2020.
In one of the most ground-breaking industry announcements for many a year, the Regulation of Property Agents (RoPA) working group finally released its 54-page document proposing root and branch reform of the agency industry in mid-July.
The recommendations of an independent review into selective licensing in the private rented sector were recently announced
The field of contenders to replace Theresa May as the next Conservative Party leader and Prime Minister is being whittled down
For a robust property market functioning at its peak, demand needs to be high, supply needs to be steady and sales need to be going through on a regular basis.
We've looked in the past at the importance of protecting data and complying with new data protection legislation, and why a secure system is vital for agents in preventing money laundering and other suspicious activities from taking place.
Its been a long time coming, and has provoked plenty of debate criticism since Philip Hammond first put the proposals forward to ban letting fees in his November 2016 Autumn Statement, but the Tenant Fees Act finally comes into play on June 1.
As an agent, you want to sell and let as many homes as possible to enhance your business, boost your reputation and improve your profit margins. Leads from the portals play a crucial role in finding the right buyers and tenants for your
For estate and letting agents across the UK, the next few months are set to be challenging thanks to the introduction of the ban on letting agent fees charged to tenants and the ongoing uncertainty surrounding Brexit
It was recently revealed that new guidance has been issued by the Property Ombudsman (TPO) over what it labels a growing issue namely that of dual fees.
Agents have been accused of doing 'not nearly enough' to report money laundering, according to a claim made by the government's anti-money laundering campaign.
The cost of moving has hit a record high but agents fees have remain unchanged in the past year. Thats the main take home from an annual study of transaction charges by home moving site reallymoving.com.
For a while now, the government has talked a lot about speeding up the house buying process to benefit both buyers and sellers.
There is traditionally a post Christmas boom in housing activity, hitting a peak in February and March as buyers and sellers seek to push deals over the line.
A new year is now upon us, and there are a number of reasons for letting agents to embrace 2019 with a sense of positivity and optimism.
The government recently announced a U-turn on its plans to cap tenant deposits at six weeks rent, with the amount tenants have to pay upfront to secure a home now set to be cut to five weeks for