privacy policy

Magnet Capital (“we”, “us”, “our”) is committed to protecting and respecting your privacy.This Privacy Policy explains how we collect, use, store and protect your personal data when you:
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• Visit our website
• Submit an enquiry
• Apply for funding
• Engage with us as a broker, developer, borrower or business partner

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We process personal data in accordance with:

• UK General Data Protection Regulation (UK GDPR)
• Data Protection Act 2018
• Financial Conduct Authority (FCA) rules and guidance, where applicable

Information You Provide

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• Name
• Company name
• Contact details
• Project details
• Financial information relevant to funding enquiries
• Identification documents (where required for regulatory checks)

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Information COLLECTED AUTOMATICALLY

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• IP address
• Device and browser information

• Usage data
• Cookie data

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We use your personal data to:

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• Assess funding applications
• Conduct due diligence and underwriting
• Perform Know Your Customer (KYC) and Anti-Money Laundering (AML) checks
• Verify identity and prevent fraud
• Communicate with brokers, developers and borrowers
• Provide our products and services
• Improve our website and services
• Meet our legal and regulatory obligations under FCA rules

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We rely on the following lawful bases:

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• Contractual necessity - to assess and provide funding
• Legal obligation - to comply with FCA rules, AML regulations and other legal requirements
• Legitimate interests - to operate and improve our business
• Consent - for marketing communications

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Where we rely on legitimate interests, we ensure that your rights and freedoms are not overridden.

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As an FCA-regulated firm, we are required to:

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• Conduct identity verification checks
• Carry out Anti-Money Laundering (AML) screening
• Monitor transactions
• Maintain records for regulatory purposes
• Report certain information to regulatory authorities where required

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This may include sharing your information with:

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• Credit reference agencies
• Fraud prevention agencies
• Regulatory bodies (including the Financial Conduct Authority)
• Law enforcement agencies where legally required

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Failure to provide requested information may prevent us from progressing an enquiry or application.

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We may share your data with:

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• Funding partners and lenders
• Legal and professional advisers
• Compliance and AML verification providers
• IT and hosting providers
• FCA or other regulatory authorities where required

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We do not sell personal data.

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We implement appropriate technical and organisational measures to protect your data, including:

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• Secure systems and encryption
• Restricted access controls
• Confidentiality obligations
• Regular monitoring and security review