Notice to Mortgage Account holders;

Important Notice from 19th February 2018

As referenced in previous correspondence received by you, Danske has ceased to be responsible for the performance and / or enforcement of the Finance Agreements from the Transfer Date. As of the 19th February 2018, Danske has also ceased to have a servicing role with respect to the Finance Agreements and any transitional servicing function provided by it to facilitate the transfer of the Finance Agreements to Pepper has now terminated.

Danske Bank A/S trading as Danske Bank (“Danske”) wish to advise you that Danske has entered into an agreement to transfer a loan portfolio which includes Home Loans and Buy-to-Let loans to Pepper Finance Corporation (Ireland) DAC (“Pepper”).

The transfer in ownership of the loan portfolio became effective on the 15th December 2017.

Danske has written to all customers whose mortgage(s) is (are) included in the loan portfolio which transferred. If you are concerned that your loan is included in the loan portfolio being transferred and you have not received a letter, or if you have received a letter and have any queries, please contact Pepper on 1890 923 346 (or +353 61 236 852 if outside the Republic of Ireland) from Monday to Friday 9am to 5pm.

How does this affect Mortgage customers?

Customers should note that:

  • all agreements that you have with Danske relating to the Accounts were transferred and assigned to Pepper on 15 December 2017, including any collateral and / or guarantees which you have provided in favour of Danske. For the avoidance of doubt, any collateral you have provided with respect to any policy of life insurance was also transferred and assigned to Pepper on 15 December 2017.
  • From 15 December 2017, Pepper holds the benefit of the Account(s) and Finance Agreements on trust for Proteus Funding DAC, or such other beneficiary of such trust from time to time (“the Beneficiary”).
  • Pepper will continue to service the Account(s) and will contact you shortly to provide further information. In the meantime, you should continue to liaise with your usual contact in Pepper to the extent that you have any queries.
  • Danske is no longer responsible for the performance or enforcement of the Finance Agreements from 15 December 2017.

Who is Pepper Finance Corporation (Ireland) DAC?

Pepper Finance Corporation (Ireland) DAC will be the new lender in respect of the accounts from the Transfer Date and all obligations in respect of your Account(s) will be owing to them from that date. Pepper Finance Corporation (Ireland) DAC will hold the benefit of your Account(s) on trust for the benefit of Proteus Funding DAC (the “Beneficiary”).

Pepper Finance Corporation (Ireland) DAC is regulated by the Central Bank of Ireland.