Danske Bank transferring loan portfolio to Pepper Finance

[Molly Bloom]

I got a letter today from Danske Bank (where I have a tracker mortgage), informing me that in December they'll be transferring a loan portfolio (including my mortgage account) to Pepper, who have managed the a/c ever since Danske exited Ireland.

I'm guessing others got a similar letter? Should we be worried about any deterioration in Ts & Cs, risk to our trackers, etc....?

I suppose this was inevitable, but I'm curious if others on AAM are concerned. I am (Note: I'm not in arrears, but don't want to lose my tracker).

Thanks

 

[Molly Bloom]

Hi Protocol,

Thanks for posting. Do you feel we have cause for concern?

Best, Molly Bloom

 

[Protocol]

No.

Goldman Sachs and PIMCo are the real buyers, Proteus Funding is the name of the Irish company they have established to buy the loans.

https://www.irishtimes.com/business...tity-to-buy-danske-bank-irish-loans-1.3268226

 

[Brendan Burgess]

Discussed here

https://www.askaboutmoney.com/threa...performing-mortgage-book.205672/#post-1537366