Data Privacy Notice for Residential Members

Why are you seeing this notice?

  • You have provided or may provide personal data to us (for example, as part of your application for tenancy pursuant to an assured shorthold tenancy agreement between you and the LLP, a UK limited liability partnership (the “AST”)) or in the context of entering into a limited liability partnership agreement between you, us, Wayhome Nominees Limited and the LLP (the “LLPA”). This privacy notice also applies to personal data about you that we receive from a third party.
  • This Data Privacy Notice applies to you to the extent that UK or EU data protection legislation applies to our processing of your personal data or to the extent you are a resident of the UK, the EU or the EEA. If this Data Privacy Notice applies to you, you have certain rights with respect to your personal data which are contained in this Data Privacy Notice.
  • We want you to understand how and why we use, store and otherwise process your information when you deal with us or our relevant affiliates.
  • This Data Privacy Notice also contains information about your rights in relation to your personal data.

Please read the information below carefully. It explains how and why personal data is processed by us.

This privacy notice is provided by Allianz Home Equity Income 1 (Funding Member) Limited (“Allianz”). Where we use the terms "we", "us" and "our" in this Data Privacy Notice, we are referring to Allianz.

When you provide (or have provided) us with your personal data or where we receive (or have received) your personal data from a third party, we act as the "data controller" of that data. In simple terms, this means that:

  • we “control” the personal data that you have provided or that we have received – including making sure that it is kept secure; and
  • we make decisions on how to use and protect your personal data, which we describe in more detail below.

What information do we collect about you?

The types of personal data we process, hold and share may include or be related to:

  • name, physical and email address, telephone number, date of birth, passport details, driving licence
  • social security or national insurance number and income
  • a copy of an identity document such as a passport or driving licence
  • details relating to your employment
  • details about your dependents and other individuals related to you (e.g. individuals afforded occupancy)
  • details about your living situation (including housing history)
  • information you provide to us in hard copy correspondence, email or over the phone

We may combine personal data that you provide to us with information that we collect about you from third parties such as online public sources and credit agencies. We describe that further in the next section.

Where do we obtain your personal data?

We collect, and have collected, information about you from a number of sources, including:

Information that you give us

  • from any documentation that you complete when you enter into the AST or LLPA or any associated documentation that you complete or provide to us. This may have included information relating to you, including your name, address, telephone number, date of birth, passport details or other national identifier, driving licence, your national insurance or social security number and income, employment information and details about your dependants or other individuals related to you
  • when you provide, or provided, it to us in correspondence and conversations

Information we obtain from others

  • information you provide (or have provided) to any third party in relation to your involvement with any AST or LLPA or your application to be involved in an AST or LLPA and which is provided to us
  • publicly available and accessible directories and sources
  • bankruptcy registers
  • tax authorities, including those that are based outside the UK and the EEA if you are subject to tax in another jurisdiction
  • governmental and competent regulatory authorities to whom we have regulatory obligations
  • credit reference agencies
  • fraud prevention and detection agencies and organisations
  • your employer and its affiliated entities (if any

Why do we process your personal data?

We process your personal data for the following reasons:

Compliance with law

It is necessary for compliance with an applicable legal or regulatory obligation to which we are subject to:

  • carry out verification of the information you give us, or which is provided to us by third parties
  • comply with requests from regulatory, governmental, tax and law enforcement authorities
  • prevent and detect criminal activity, fraud and money laundering

Our legitimate interests

For our legitimate interests or those of a third party to:

  • support the LLP in managing and administering the AST and the LLPA
  • assess and process any requests made by you
  • send updates, information and notices or otherwise correspond with you
  • address or investigate any complaints, claims, proceedings or disputes
  • comply with applicable legal or regulatory obligations which we or our affiliated entities are subject to or which we or they deem it prudent, expedient or appropriate to comply with, including voluntary requests for information made by governmental bodies and/or pursuant to litigation or dispute resolution of any nature
  • manage our risk and operations
  • comply with our accounting and tax reporting requirements
  • comply with our audit requirements
  • assist with internal compliance with our policies and process
  • ensure appropriate group management and governance
  • keep our internal records
  • protect our business against fraud, breach of confidence, theft of proprietary materials, and other financial or business crimes (to the extent that this is not required of us by law)
  • analyse and manage commercial risks
  • seek professional advice, including legal advice
  • seek to enforce or defend our rights against you or a third party
  • monitor communications to/from us using our systems
  • protect the security and integrity of our IT systems

We only rely on these interests where we have considered that, on balance, our legitimate interests are not overridden by your interests, fundamental rights or freedoms.

Monitoring as described at (3) above

We monitor communications with us where the law requires us to do so. We will also monitor where we are required to do so to comply with our regulatory rules and practices and, where we are permitted to do so, to protect our business and the security of our systems.

Who we share your personal data with?

Your personal data will be shared with:

Tax and Local Authorities

  • to comply with applicable laws and regulations
  • where required or requested by competent tax authorities (who, in turn, may share your personal data with foreign tax authorities)
  • where required or requested by foreign tax authorities, including outside of the EEA or UK

Service Providers (including utility providers and property agents)

  • delivering and facilitating the services needed to support our relationship with you
  • supporting AST and LLP related activities

Our lawyers, auditors and other professional advisors

  • to comply with applicable legal and regulatory requirements

Allianz group companies

  • we may also share your personal data with other Allianz group companies including, Allianz Home Equity Income 1, L.P. (the “Fund”), Allianz Home Equity Income GP 1 Limited, which is the general partner in relation to the Fund and Allianz Global Investors GmbH, which is the manager in relation to the Fund, who will use it for their own legal or regulatory compliance obligations in the context of their management and administration of the Fund

In exceptional circumstances, we will share your personal data with:

  • competent regulatory, investigatory, prosecuting and other governmental agencies or courts, tribunals or litigation counterparties, in any country or territory; and/or
  • organisations and agencies – where we are required to do so by law, or where it is appropriate, prudent or expedient to do so in order to enable our compliance with the law.

Do you have to provide us with this personal data?

Where we collect personal data from you, we will indicate if:

  • provision of the personal data is necessary for our compliance with a legal obligation; or
  • it is purely voluntary and there are no implications for you if you do not wish to provide us with it.

Unless otherwise indicated, you should assume that we require the personal data for business and/or compliance purposes.

Some of the personal data we request, or have requested, is necessary for us to perform our contract with you and if you do not wish for us to process this personal data, it will affect our ability to manage our business relationship with you.

Sending your personal data internationally

We may transfer your personal data to our affiliated entities, other related parties and to third party service providers outside of the UK and the EEA, which do not have similarly strict data protection and privacy laws.

Where we transfer personal data to other members of our group, or our service providers, we have put in place data transfer agreements and safeguards using European Commission approved terms (and which the UK regulator has also approved).

Consent – and your right to withdraw it

We do not generally rely on obtaining your consent to process your personal data. If we do, you have the right to withdraw this consent at any time.

Please contact us or send us an email at dataprivacy@allianzgi.com at any time if you wish to do so.

Retention and deletion of your information

We keep your personal data for as long as it is required by us for our legitimate business purposes, to perform our contractual obligations, or where longer, such longer period as is required by law or regulatory obligations which apply to us.

  • We will generally retain information about you throughout the life cycle of any AST /LLPA you are involved in.
  • Some personal information will be retained after your involvement in any AST or LLPA ends.

As a general principle, we do not retain your personal data for longer than we need it.

Your rights

You have certain data protection rights, including:

  • the right to access your personal data
  • the right to restrict the use of your personal data
  • the right to have incomplete or inaccurate data corrected
  • the right to ask us to stop processing your personal data
  • the right to require us to delete your personal data in some limited circumstances
  • the right in some circumstances to request for us to "port" your personal data in a portable, re-usable format to other organisations (where this is possible).

Please note that these rights are not absolute but rather are subject to a number of exceptions so that they may not apply in all circumstances.

Concerns or queries

We take your concerns very seriously. We encourage you to bring it to our attention if you have any concerns about our processing your personal data.

This Data Privacy Notice was drafted with simplicity and clarity in mind. We are, of course, happy to provide any further information or explanation needed. Our contact details are below.

If you want to make a complaint, you can also contact the body regulating data protection in your country, where you live or work, or the location where the data protection issue arose. The UK Information Commissioner’s details are here: https://ico.org.uk. A list of the EU data protection authorities is available by clicking this link: https://edpb.europa.eu/about-edpb/board/members_en.

Contact us

Please contact us if you have any questions about this Data Privacy Notice or the information we hold about you.

Contact us by email at dataprivacy@allianzgi.com.
Contact us in writing using this address:

AddressAllianz Global Investors GmbH, Data Protection Officer, Bockenheimer Landstraße 42-44, 60323 Frankfurt a.M., Germany

Changes to this Data Privacy Notice

We keep this Data Privacy Notice under regular review.
This Data Privacy Notice was last updated on May 2025.