Hi we have a house that in Sept 2007 was valued at 490000 we then took a mortgage of 150000 to buy the property we now live in.Our circumstances have now changed and we want to move back to the Uk we have our mortgage free house on the market but so far we have had no interest.The other house has tenants in but they are not consistently paying the rent and we are managing to pay the mortgage but I don't know for how long. Could we hand the property back to the bank even though it is tenanted and could we try to sell the property even though it is tenanted.
Thanks
Jayne