Woodstone Funding is a trading style of Woodstone Funding Limited, a company registered in
England and Wales (07032102) and is authorised and regulated by the Financial Conduct Authority
(FCA). Woodstone Funding FCA registration number is FRN670464. FCA authorisation can be
checked on the FCA register at http://www.fsa.gov.uk/register/
Woodstone Funding (WF) aims to provide a professional, friendly service, giving our customers a
total package of funding covering all their asset finance requirements and to obtain the funding
solutions that meet our customers needs.
Use of Your Information
You confirm that in applying for credit through WF, you understand that we and various
associated financial organisations may search the files of one or more credit reference agencies
as part of your application process.
In considering your application, searches of your records with Credit Reference Agencies will
be made. WF/they will add to your record, details of the search and your application and this
will be seen by other organisations that make searches. WF/they may use a credit scoring or
other automated decision making system.
Also added to your records may be details of any agreement arranged by WF, the payments you
make, any failure to keep to its terms and any attempt to avoid payment by moving address
without notice. It is important that you give accurate information, as these records will be
shared with other organisations that give the same information.
Your records will be used by us and other organisations to:
(i) help make decisions about credit and credit related services such as insurance for you and
members of your household;
(ii) trace debtors, to recover debt, to prevent money laundering and to manage your account -
in the course of which we or they may need to make further searches of your records, details of
which will also be added.
(iii) check your identity to prevent money laundering, unless you furnish us with other
Our associated financial organisation’s may also use your records with Credit Reference
Agencies for statistical analysis about credit and share certain information for marketing
purposes. This would be subject to the conditions of the Data Protection Act and if you do not
wish these details to be used for marketing, you will advise this in writing.
Details of those Credit Reference Agencies from whom information is obtained and with whom
information is recorded about you may be obtained by contacting us. You have a legal right to
What we do
WF provides finance to you, the customer, by way of Hire Purchase, Leasing, Contract Hire or
by way of alternative funding, for you to acquire assets (Equipment) such as Cars, Commercial
Vehicles, Plant and Machinery. WF will obtain the necessary information from you and will
approach appropriate lenders from our approved panel to obtain a funding solution that, in our
experience, matches and/or suits your requirements. WF acts purely as an intermediary to
facilitate your funding requirements. At no stage of the process do WF act as, or purport to
act as, an agent for either you, the customer, or on behalf of the finance companies with which
we hold facilities.
What we need from you
(i) You will supply us with information we may reasonably request to enable us to source
funding for you.
(ii) Since any agreement we arrange will be based upon the information you supply us, you will
always supply accurate information that will reflect your current and historical status.
(iii) You will locate the equipment to be financed. You will test and inspect it and satisfy
yourself that it is suitable for the purposes for which it is being purchased. You will select
the supplier (Supplier) of your choosing and should address any problems with the equipment to
the supplier in the first instance. Whilst we may assist you in the locating of equipment, you
have ultimate responsibility to choose the equipment and ensure its suitability.
How we are remunerated
WF receives its income by way of a commission from the lender and/or a fee from you. We will
make every effort to obtain a competitive deal for you, however, it should be understood that
underwriting restrictions might result in an alternative lender being used to obtain a deal
suited to your requirement. Where WF charges you a fee it will usually be equivalent to one
monthly payment and WF will issue you with an invoice for this amount no later than 14 days
after the date of inception of the agreement.
You will notify WF as soon as reasonably possible :
(i) If you change your address and/or telephone numbers or any other contact details.
(ii) If you change your bank details.
(iii) If you have, or believe you will have, problems in making any payments on their due
(iv) If you have a problem with the equipment that the original supplier fails to correct
within a reasonable time scale.
(v) If you intend to settle, change and/or upgrade the equipment subject to an agreement
arranged by us.
(i) If requested by you, WF will provide a written quotation and immediately on documenting
the transaction, we will detail, in writing, a breakdown of how the deal is structured.
(ii) WF reserves the right to levy a charge for additional services. These include, but are
not limited to; supplying copies of agreements, remitting funds by telegraphic transfer, cheques
that are not honoured upon first presentation and costs incurred in recovering arrears payments.
(iii) If you have taken out a Finance Lease agreement and would like to gain title to the
vehicle, WF can obtain title from the relevant finance house and pass that title onto you for a
nominal fee, not usually more than one rental.