Declarations – Data Protection Act & Residential use.
RESIDENTIAL USE DECLARATION
I confirm that neither I nor any member of my immediate family currently occupies, or is intending to occupy as a dwelling, a property or properties (buildings and land) which will comprise 40% or more of the total property or properties (buildings and land) over which Woodstream Finance has or will have a first charge. I understand that immediate family means anyone who is a spouse, parent, brother, sister, child, grandparent or grandchild; or any other person whose relationship with me has the characteristics of the relationship between husband and wife
DATA PROTECTION ACT
In considering your application, we will search your record at credit reference agencies (“your records”). They will add to your records details of the search and your application and this will be seen by other organisations that make searches. Information held about you by the credit reference agencies may already be linked to records relating to one or more of your partners. For the purpose of this application you may be treated as financially linked and your application will be assessed with reference to any ‘associated’ records.
An association between joint applicants or between you and any named partner/spouse will be created at the credit reference agency. This will link your financial records, each of which will be taken into account in all future applications by either or both of you. If an association already exists then your application will be assessed with reference to these associated records. This situation will continue until one of you successfully files a disassociation at the credit reference agency.
It is important that you give us accurate information. We will check your details with fraud prevention agencies, and if you give us false or inaccurate information and we suspect fraud, we will record this.
Your records will be shared with other organisations and used by us and them to:
Help make decisions about credit and credit related services, such as insurance for you and members of your household;
Trace debtors, recover debt, prevent money laundering and fraud, and to manage your accounts.
We, the credit reference agencies and the fraud prevention agencies will also use your records for statistical analysis about credit, insurance and fraud. We may also use information about you to carry out market research. Fraud prevention agency records will also be shared with other organisations to help make decisions on motor, household, credit, life and other insurance proposals and insurance claims, for you and members of your household.
Please phone us on 01706 630 489 if you want to have details of those credit reference and fraud prevention agencies from whom we obtain and to whom we pass information about you. You have legal rights to these details. You have a right to receive a copy of the information we hold about you if you apply to us in writing.
A fee will be payable.
Property Valuation Statement
We may record details of the property and the purchase price (if applicable) on a database which will be used by us and other organisations to value properties, as well as for administration, research
and statistical purposes.
We will make a valuation appraisal of the property. The making of an advance implies no representation or warranty as to the condition orvalue of the property.
I/we, the undersigned, declare that the replies to the questions contained in this application are true and complete in every respect to the best of my/our knowledge and understand that they may form the basis of any contract between me/us and the company making the advance.
I/we have read and agree with the residential use declaration and the data protection and property valuation statements above.