Need To Know
  • New savings rates from 1 July 2022

Privacy Policy

Your personal information and what we do with it

 

Teachers Building Society of Allenview House, Hanham Road, Wimborne, Dorset BH21 1AG is a data controller of your personal information. This means information that is about you or from which we can identify you. This privacy notice describes how we deal with your personal information. We are the data controller of this information under relevant data protection laws because, in the context of our business relationship with you, we decide how and why it is processed in the ways explained in this privacy notice. When we use terms such as we, us and our in this notice, we mean Teachers Building Society.

Our Data Protection Officer (DPO), Patrick Jarman, can be contacted at any time, including if you have queries about this privacy notice or wish to exercise any of the rights mentioned in it, by writing to Allenview House, Hanham Road, Wimborne, Dorset BH21 1AG. You can also contact our DPO by:

You will see further down in this privacy policy that there is a subheading for Fraud prevention and credit reference agency notices. We do need to share these notices with you and they are available in that section of the privacy policy. Please read them carefully and contact those organisations if you have any questions (the relevant details are in their notices).

This privacy notice may be updated from time to time. This means we may send you an updated copy (depending on whether we are required to do so or not).

 

Process or processing includes everything we do with your personal information, from its collection right through to its destruction or deletion when we no longer need it. This includes, for instance, collecting it (from you), obtaining it (from other organisations), using, sharing, storing, retaining, deleting, destroying and transferring it overseas.

Legitimate interests is mentioned in our privacy notice because data protection laws allow the processing of personal information where the purpose is legitimate and is not outweighed by your interests, fundamental rights and freedoms. Those laws call this the legitimate interests’ legal ground for personal data processing.

Automated decision making means a process where we make decisions about you using a computer-based and automated system without a person being involved in making that decision (at least first time around).

Profiling means any form of automated processing of your personal information to evaluate certain personal aspects about you, such as to analyse or predict aspects concerning your economic situation, health, personal preferences, interests, reliability, behaviour, location or movements.

 

Our full cookie policy and cookie preference controls can be seen by using the link below. When you first visit the site on a new device or IP address, these details and choices will always be provided to you, but if you want to check them or change your preferences you can also do so directly from this link.

 

This website may contain "links" to other websites. We make every effort to only link to sites that share our high standards of privacy and service. However, Teachers Building Society cannot be responsible for the content on any website we link to and the privacy policies on those websites may be different to ours.

Our products and services are available through contacting us directly (including by telephone), as well as through professional and financial advisors and anyone else who acts as a person sitting in between you and us in relation to what we do for you. In this notice we will call these persons “brokers and other intermediaries”.

When a broker or other intermediary processes your personal information on our behalf, this privacy notice will apply and you should contact our Data Protection Officer to exercise your rights under data protection laws. When a broker or other intermediary processes your personal information as a data controller in its own right, its own privacy notice will apply and you should ask them for a copy if you do not have one by the time you are introduced to us.

 

This will depend on the products or services you apply for and (if your application is successful) obtain from us. Before we explain what particular information we need in relation to our mortgages, insurance services, or our savings products, we will explain what information is relevant to all of our products and services.

​PERSONAL INFORMATION THAT WE GENERALLY PROCESS IN CONNECTION WITH ALL OUR PRODUCTS AND SERVICES
This includes:
• Your title, full name, contact details including, for instance, your email address, home and mobile telephone numbers;
• Your home address, correspondence address (where different from your home address) and address history;
• Your date of birth and/or age, e.g. to make sure that you are eligible to apply for the product and/or that it is suitable for you;
• Your nationality, if this is necessary for us to comply with our legal and regulatory requirements;
• Records of how you have contacted us and, if you get in touch with us online, details such as your mobile phone location data, IP address and MAC address;
• Personal information which we obtain from Fraud Prevention Agencies (see the section on ‘Fraud Prevention Agencies’ below);
• Your occupation; and
• Some special categories of personal data such as about your health or if you are a vulnerable customer (more details below).

ADDITIONAL PERSONAL INFORMATION THAT WE PROCESS IN CONNECTION WITH A MORTGAGE
This includes:
• Your financial details e.g. your salary and details of other income, details of your savings, details of your expenditure, and details of account(s) held with other providers if you pay your mortgage from those account(s);
• Details about all of your existing borrowings and loans;
• Personal information about your credit history which we obtain from Credit Reference Agencies, including data which originates from Royal Mail (UK postal addresses), local authorities (electoral roll), the insolvency service, Companies’ House, other lenders and providers of credit (who supply data to the CRAs), court judgments decrees and administration orders made publicly available through statutory public registers (see the section on ‘Credit Reference Agencies’ below);
• Information about your employment status, including whether you are employed, retired or receive benefits;
• Information about your occupier status, such as whether you are a tenant, live with parents or are an owner occupier of the property in which you live at the time of your application;
• Information which is relevant for your residency and/or citizenship status, such as your nationality, your length of residency in the UK and/or whether you have the permanent right to reside in UK;
• Your marital status, family, lifestyle or social circumstances if relevant to the mortgage product (e.g. the number of dependents you have or if you are a widow or widower); and
• Where relevant, information about any guarantor which you provide in any application.

​ADDITIONAL PERSONAL INFORMATION THAT WE PROCESS IN CONNECTION WITH INSURANCE SERVICES
This includes:
• Information included in the above list of information we process in connection with a mortgage
• Information on insurance claims you have made in the last 5 years
• Information on any insurance you have had which has been cancelled or turned down or had any special terms applied
• Information on any convictions or charges made against you but not yet tried
• Information on any of the above relating to anyone who normally lives with you (in which case you must show this privacy notice to that person and ensure they confirm that they know you will share it with us for the purposes described in it).

​ADDITIONAL PERSONAL INFORMATION THAT WE PROCESS IN CONNECTION WITH A SAVINGS PRODUCT
This includes:
• Your financial details e.g. your salary and details of other income, details of your other savings, and details of account(s) held with other providers if you pay into your savings product from those other account(s);
• Where a person other than the savings account holder makes a withdrawal from the account, information about that person and the transaction; and
• Information about your tax position.

 

If you make a joint application with your spouse, partner or family member, we will also collect the personal information mentioned above about that person. You must show this privacy notice to the other applicant and ensure they confirm that they know you will share it with us for the purposes described in it. If you look now at the “What are the legal grounds” section (below) you will see reference to consent and a description of some limited scenarios where it may be relevant to what we do with personal information. If we ask you to obtain consent from the joint applicant (such as for marketing) you should do that using the consent capture mechanism that we give or make available to you for that purpose.

If you apply for your mortgage with a guarantor, that person will see this privacy notice when he/she submits his/her own personal information to us because he/she must necessarily sign the application form.

If there is somebody who has power of attorney over your affairs, that person will see this privacy notice when we make contact with him/her directly.

 

We will generally collect your personal information from you directly. If you are introduced to us by a broker or other intermediary, we will obtain some personal information about you indirectly from them when they introduce you to us.

In addition, we obtain your personal information from other sources such as Fraud Prevention Agencies, Credit Reference Agencies, your employer, financial advisor, landlord, other lenders, HMRC, DWP, publicly available directories and information (e.g. telephone directory, social media, internet, news articles), debt recovery and/or tracing agents, other organisations to assist in prevention and detection of crime, police and law enforcement agencies.

Some of the personal information obtained from Credit Reference Agencies will have originated from publicly accessible sources. In particular, Credit Reference Agencies draw on court decisions, bankruptcy registers and the electoral register (also known as the electoral roll). We explain more about Credit Reference Agencies below. We have also mentioned above in the lists of personal information that we process some of the CRAs’ other sources of information (which are our own source of information too).

 

Data protection laws require us to explain what legal grounds justify our processing of your personal information (this includes sharing it with other organisations). For some processing more than one legal ground may be relevant (except where we rely on a consent). Here are the legal grounds that are relevant to us:

1) Processing necessary to perform our contract with you (for the mortgage, savings product or for insurance services) or for taking steps prior to entering into it (e.g. during the application stage):
a) Administering and managing your insurance, mortgage, savings account and services relating to that, updating your records, tracing your whereabouts to contact you about your account and doing this for recovering debt;
b) Sharing your personal information with other payment services providers, such as when you ask us to share information about your account with them or with an insurance provider when effecting an insurance contract on your behalf;
c) All stages and activities relevant to managing your mortgage or savings account or effecting insurance, including enquiry, application, administration and management of accounts, illustrations, requests for transfers of equity, setting up/changing/removing guarantors; and
d) For some of our profiling and other automated decision making.

2) Where we consider that, on balance, it is appropriate for us do so, processing necessary for the following legitimate interests which apply to us and, in some cases, other organisations (who we list below) are:
a) Administering and managing your insurance, mortgage and/or savings account and services relating to that, updating your records, tracing your whereabouts to contact you about your account and doing this for recovering debt;
b) To test the performance of our products, services and internal processes;
c) To adhere to guidance and best practice under the regimes of governmental and regulatory bodies such as HMRC, the Financial Conduct Authority, the Prudential Regulation Authority, the Ombudsman, the Information Commissioner’s Office and under the Financial Services Compensation Scheme;
d) For management and audit of our business operations, including accounting;
e) To carry out searches at Credit Reference Agencies pre-application, at the application stage, and periodically after that. Where you have been introduced to us by a broker or other intermediary, they may do these searches on our behalf;
f) To carry out monitoring and to keep records (see below);
g) To administer our good governance requirements such as internal reporting and compliance obligations or administration required for AGM processes;
h) For market research and analysis and developing statistics;
i) For some of our profiling and other automated decision making, in particular where this does not have a legal effect or otherwise significantly affect you; and
j) For direct marketing communications to current members/customers; and
k) When we share your personal information with these other people or organisations;
 • Your guarantor (if you have a mortgage with a guarantor);
• Joint account holders, trustees and beneficiaries and any person with power of attorney over your affairs (in each case only if relevant to you);
• Other payment services providers, such as when you ask us to share information about your account with them;
• An insurer with whom a contract of insurance has been effected on your behalf;
• Other account holders or individuals when we have to provide your information to them because some money paid to you by them should not be in your account;
• The broker or other intermediary who introduced you to us;
• Our legal and other professional advisors, auditors and actuaries;
• Financial institutions and trade associations;
• Governmental and regulatory bodies, such as HMRC, the Bank of England, the Financial Conduct Authority, the Prudential Regulation Authority, the Ombudsman, the Information Commissioner’s Office and under the Financial Services Compensation Scheme;
• Tax authorities who are overseas for instance if you are subject to tax in another jurisdiction we may share your personal information directly with relevant tax authorities overseas (instead of via HMRC);
• Other organisations and businesses who provide services to us, such as debt recovery agencies, back up and server hosting providers, IT software and maintenance providers, document storage providers and suppliers of other back office functions;
• Buyers and their professional representatives as part of any restructuring or sale of our business or assets;
• Credit Reference Agencies (see below where we explain more and refer to a website leaflet/link to more information); and
• Market research organisations who help us to develop and improve our products and services.

3)
Processing necessary to comply with our legal obligations:
a) For compliance with laws that apply to us;
b) For establishment, defence and enforcement of our legal rights;
c) For activities relating to the prevention, detection and investigation of crime;
d) To carry out identity checks, anti-money laundering checks, and checks with Fraud Prevention Agencies pre-application, at the application stage, and periodically after that. Where you have been introduced to us by a broker or other intermediary, they may do these searches on our behalf.
e) To carry out monitoring and to keep records (see below);
f) To deal with requests from you to exercise your rights under data protection laws;
g) To process information about a crime or offence and proceedings related to that (in practice this will be relevant if we know or suspect fraud); and
h) When we share your personal information with these other people or organisations:
• Your guarantor (if you have a mortgage with a guarantor);
• Joint account holders, trustees and beneficiaries, and the person with power of attorney over your affairs;
• Other payment services providers, such as when you ask us to share information about your account with them;
• Other account holders or individuals when we have to provide your information to them because some money paid to you by them should not be in your account;
• Fraud Prevention Agencies;
• Law enforcement agencies and governmental and regulatory bodies such as HMRC, the Financial Conduct Authority, the Prudential Regulation Authority, the Ombudsman, the Information Commissioner’s Office and under the Financial Services Compensation Scheme (depending on the circumstances of the sharing); and
• Courts and to other organisations where that is necessary for the administration of justice, to protect vital interests and to protect the security or integrity of our business operations.

4) Processing with your consent:
a) When you request that we share your personal information with someone else and consent to that;
b) For direct marketing communications if and when you are not a current member/customer;
c) For some of our profiling and other automated decision making;
d) For some of our processing of special categories of personal data, such as about your health or if you are a vulnerable customer or if you are a member of a teachers’ trade union (and it will be explained to you when we ask for that explicit consent what purposes, sharing and use it is for).

5) Processing for a substantial public interest under laws that apply to us where this helps us to meet our broader social obligations, such as:
a) Processing of your special categories of personal data, such as about your health or if you are a vulnerable customer.
b) Processing that we need to do to fulfil our legal obligations and regulatory requirements.
c) When we share your personal information with other people and organisations if they need to know that you are a vulnerable customer and your relatives, social services, your carer, the person who has power of attorney over your affairs.

 

Much of what we do with your personal information is not based on your consent, instead it is based on other legal grounds. For processing that is based on your consent, you have the right to take back that consent for future processing at any time. You can do this by contacting us using the details in the first section of this privacy policy. The consequence might be that we cannot send you some marketing communications or that we cannot take into account special categories of personal data, such as about your health or if you are a vulnerable customer (but these outcomes will be relevant only in cases where we rely on explicit consent for this).

We will tell the broker or other intermediary who introduced you to us that you have withdrawn your consent only if it is our data processor (this means an organisation who is processing personal information on our behalf) or if we are required to do so when you exercise certain rights under data protection laws. You should make sure to contact them directly to withdraw your consent for what they do with your personal information as a data controller in their own right.

To comply with payment services regulations we have to share some of your personal information with other payment service providers in some circumstances, such as when you ask us to share information about your account with them. Whilst those payment services regulations mention ‘consent’ for this, ‘consent’ in that context does not have the same meaning as ‘consent’ under data protection laws. The legal grounds which may be relevant to this are compliance with our legal obligations, performance of our contract with you, our legitimate interests, or a combination of these. Because of this, we may still hold and use your personal information - even if you ask to withdraw consent - if we need to do so because of the payment services regulations.

 

We are based in the UK but sometimes your personal information may be transferred outside of the UK or the European Economic Area. If it is processed within Europe or other parts of the European Economic Area (EEA) then it is protected by European data protection standards. Some countries outside the EEA do have adequate protection for personal information under laws that apply to us. We will make sure that suitable safeguards are in place before we transfer your personal information to countries outside the EEA which do not have adequate protection under laws that apply to us. Safeguards include contractual obligations imposed on the recipients of your personal information. Those obligations require the recipient to protect your personal information to the standard required in the European Economic Area. Safeguards also include requiring the recipient to subscribe to ‘international frameworks’ intended to enable secure data sharing and where the framework is the means of protection for the personal information.

 

In order to process your application, we will perform credit and identity checks on you with one or more credit reference agencies (“CRAs”). Where you take banking services from us, we may also make periodic searches at CRAs to manage your account with us. To do this, we will supply your personal information to CRAs and they will give us information about you. This will include information from your credit application and about your financial situation and financial history. CRAs will supply to us both public (including the electoral register) and shared credit, financial situation and financial history information and fraud prevention information.

 We will use this information to:
• Assess your creditworthiness and whether you can afford to take the product;
• Verify the accuracy of the data you have provided to us;
• Prevent criminal activity, fraud and money laundering;
• Manage your account(s);
• Trace and recover debts; and
• Ensure any offers provided to you are appropriate to your circumstances.

We will continue to exchange information about you with CRAs while you have a relationship with us. We will also inform the CRAs about your settled accounts. If you borrow and do not repay in full and on time, CRAs will record the outstanding debt. This information may be supplied to other organisations by CRAs. The identities of the CRAs, their role as fraud prevention agencies, the data they hold, the ways in which they use and share personal information, data retention periods and your data protection rights with the CRAs are explained in more detail in the separate leaflet or at the website link which we refer to later on in this privacy notice.

When CRAs receive a search from us, they will place a search footprint on your credit file that may be seen by other lenders.

If you are making a joint application or tell us that you have a spouse or financial associate, we will link your records together, so you should make sure you discuss this with them, and share with them this information, before lodging the application. CRAs will also link your records together and these links will remain on your and their files until such time as you or your partner successfully files for a disassociation with the CRAs to break that link.

The identities of the CRAs, their role also as fraud prevention agencies, the data they hold, the ways in which they use and share personal information, data retention periods and your data protection rights with the CRAs are explained in more detail in the separate leaflet or the website link which we refer to later on in this privacy notice.

 

We share some personal information with Fraud Prevention and Credit Reference Agencies. They have separate notices available about how they use this information and these notices are available here:

You should tell us without delay so that we can update our records. You can do this by writing to our Data Protection Officer using the details in the first section of this privacy policy. If you were introduced to us by a broker or other intermediary who is data controller in its own right, you should contact them separately. In some cases where you exercise rights against us under data protection laws (see below) we may need to inform the broker or other intermediary, but this will not always be the case.

 

We are unable to provide you with the mortgage, savings or insurance products/services or to process your application without having personal information about you. Your personal information is required before you can enter into the relevant contract with us, or it is required during the life of that contract, or it is required by laws that apply to us. If we already hold some of the personal information that we need – for instance, if you are already a customer – we may not need to collect it again when you make your application. In all other cases, we will need to collect it except as follows.

In cases where providing some personal information is optional, we will make this clear.

 

In this section monitoring means any listening to, recording of, viewing of, intercepting of, or taking and keeping records (as the case may be) of calls, email, text messages, social media messages, in person face to face meetings and other communications.
We may monitor where permitted by law and we will do this where the law requires it. In particular, where we are required by the Financial Conduct Authority’s regulatory regime to record certain telephone lines we will do so.

Some of our monitoring may be to comply with regulatory rules, self-regulatory practices or procedures relevant to our business, to prevent or detect crime, in the interests of protecting the security of our communications systems and procedures, to have a record of what we have discussed with you and actions agreed with you, to protect you and to provide security for you (such as in relation to fraud risks on your account) and for quality control and staff training purposes.

Some of our monitoring may check for obscene or profane content in communications.
We may conduct short term carefully controlled monitoring of your activities on your mortgage account or savings account where this is necessary for our legitimate interests or to comply with our legal obligations. For instance, were we suspect fraud, money laundering or other crimes.

Telephone calls between us and you in connection with your application and the mortgage, savings or insurance ​services may be recorded to make sure that we have a record of what has been discussed and what your instructions are. We may also record these types of calls for the quality control and staff training purposes.

 

This section is relevant where we make decisions about you using only technology, and where none of our employees or any other individuals have been involved in the process. For instance, in relation to triggers and events such as account opening anniversaries and maturity dates. We may do this to decide what marketing communications are suitable for you, to analyse statistics and assess lending and insurance risks.

We can do this activity based on our legitimate interests (and they are listed in the section about legal grounds above) only where the profiling and other automated decision making does not have a legal or other significant effect on you. In all other cases, we can do this activity only where it is necessary for entering into or performing the relevant contract, is authorised by laws that apply to us, or is based on your explicit consent. In those cases you have the right to obtain human intervention to contest the decision (see ‘rights in relation to automated decision making which has a legal effect or otherwise significantly affects you’ below). Profiling for direct marketing can mean there is a separate right to object (see ‘rights to object’ below).

This website may also adapt to personalise your experience, though when this occurs it will rely on website browsing behaviour gathered using cookies that you have consented to, rather than by personal information you have submitted to us. See the Cookie policy section of the privacy policy for more details.

Unless we explain otherwise to you, we will hold your personal information for the following periods:

  • Retention in case of queries. We will retain the personal information that we need to keep in case of queries from you (for instance, if you apply unsuccessfully for a product or service) for six months unless we have to keep it for a longer period (see directly below);
  • Retention in case of claims. We will retain the personal information that we need to keep for the period in which you might legally bring claims against us which in practice means 6 years (12 years for mortgages) unless we have to keep it for a longer period (see directly below); and
  • Retention in accordance with legal and regulatory requirements. We will retain the personal information that we need to keep even after the relevant contract you have with us has come to an end for six years (12 years for mortgages) and this will be to satisfy our legal and regulatory requirements
  • Retention for marketing communications - for as long as you are subscribed and have maintained your consent

Right to be forgotten

If you wish for us to cease processing of and remove your personal data completely, you can request this by contacting us using the Data Protection Officer details in the first part of this privacy policy. Please note the exceptions above where we will not able able to delete your data immediately for legal reasons or otherwise.

If you would like further information about our data retention practices, you can also contact us using the details provided in the first section of this privacy policy.

 

Here is a list of the rights that all individuals have under data protection laws. They do not apply in all circumstances. If you wish to exercise any of them, we will explain at that time if they are engaged or not. The right of data portability is only relevant from May 2018.
• The right to be informed about processing of your personal information;
• The right to have your personal information corrected if it is inaccurate and to have incomplete personal information completed;
• The right to object to processing of your personal information;
• The right to restrict processing of your personal information;
• The right to have your personal information erased (the “right to be forgotten”);
• The right to request access to your personal information and to obtain information about how we process it;
• The right to move, copy or transfer your personal information (“data portability”);
• Rights in relation to automated decision making which has a legal effect or otherwise significantly affects you.

You have the right to complain to the Information Commissioner’s Office which enforces data protection laws: https://ico.org.uk/

If you wish to exercise any of these rights against the Credit Reference Agencies, the Fraud Prevention Agencies, or a broker or other intermediary who is data controller in its own right, you should contact them separately.

 

Your personal information may be converted into statistical or aggregated data which cannot be used to re-identify you. It may then be used to produce statistical research and reports. This aggregated data may be shared and used in all the ways described in this privacy notice.

 

We may use your home address, phone numbers, email address and social media (e.g. Facebook, Google and message facilities in other platforms) to contact you according to your marketing preferences. This means we do this only if we have a legal ground which allows it under data protection laws – see above for what is our legal ground for marketing. You can stop our marketing at any time by writing to us at our address or by following the instructions on how to do that in the marketing email or other communication.