Authority and declaration
for lending facilities to
(name of borrower)
I/we conrm that the information included within this application form is complete and accurate to the
best of my/our knowledge. I/we have included all details pertinent to the application, the organisation
and all linked individuals. I/we have provided sucient information to allow Redwood Bank to make an
informed lending decision. I am/we are not aware of or been provided with any information that would
prejudice this application. I/we conrm that any adverse credit information relating to any organisation
or individual involved in this application has been advised to Redwood Bank.
I/we understand that Redwood Bank will carry out electronic identication searches and, credit bureau
searches on any individual or organisation named in, or linked to this application. I/we conrm that
we have advised all relevant persons that a search as detailed above will be undertaken.
I/we understand that to comply with its legal and regulatory obligations the information supplied in
this application will be veried. Redwood Bank uses third parties to verify the information, one being
Experian which will leave a non-credit footprint on the applicable record. A record of the output will
be supplied to Redwood Bank and retained. Further information on Experian can be found here:
These searches may return results which highlight criminal convictions, oences and alleged oences.
The processing of this data is required to ensure compliance with our regulatory obligations and
is deemed to be in the substantial public interest.
I/ we understand that an association between joint applicants may be created at the Credit Reference
Agency, linking nancial records of each individual, which will be taken into account in all future
applications. If an association already exists then my/our application will be assessed with reference
to these associated records.
I/ we understand that details about me/us and the conduct of my/our account may also be passed to
the Credit Reference Agencies. When appropriate, the Credit Reference Agency and/or Fraud Prevention
Agencies may also record details of any agreement with Redwood Bank, the repayments I/we make
under it and any default or failure to keep to its terms and any deliberate non-payment following
a change of address without notice.
To set up and administer your account Redwood Bank (we, us, our) will need to collect information
about you, your business and any related parties.
Information about you and your business can include details of your appointed authorised users,
directors, shareholders, associated parties and named individuals, your transactions, how you use our
services, any details submitted as part of the application process or any other information we reasonably
ask for, or collect through the use of the application and administration process of the loan account
which has been applied for. This information could be held by us in electronic or paper form.
In limited circumstances we may receive information containing racial or ethnic origin, religious beliefs,
political opinions or physical or mental health information. We will only process this data when we have
your explicit consent to do so, if it is in your vital interests, if it is deemed to be in the substantial public
interest or if the data has been made public by a relevant individual.
We may collect this information in several ways, for example, when dealing with your application,
operating your accounts, providing services to you verifying your identity and contacting credit-
reference and fraud prevention agencies.
How we process personal information