Pepper closing in on Permanent TSB contract

Contract governs management of properties back into bank possession

3rd April, 2016
Attempts to repossess proerty in Ireland have been fiercely resisted at times

Pepper, the Australian loan servicing specialist, is closing in on a management contract for properties that have been surrendered or repossessed by Permanent TSB.

Sources said the company was in the driving seat to land the work, but no contract has been signed yet.

It is understood that the contract governs the management of properties, including buy-to-let units, which came back into the possession of the bank. These include those offloaded through a voluntary sale...

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