Hi, I moved abroad almost 2 years ago. Due to my UK property being in negative equity (by a lot!), I was unable to sell this. I have rented out the property two or three times, but always lose out with tenants and now the property is empty. My wife is now expecting our 1st child and I cannot afford to continue paying this mortgage and am considering my options. I am thinking of just handing the keys back to the Abbey but am concerned about the consequences. I have not informed the Abbey that I am living abroad and am reluctant to give my address, so I will not receive any letters etc. I do not see myself or my family returning to the UK in the foreseeable future, so I am thinking of just handing the keys in and try to forget all about it.(posted 8335 days ago)Will the Abbey want to / or be able to trace myself to my current address abroad from existing accounts with another building society (even though there is nothing in this)?
I would greatly appreciate any advice / comments, as I need to do something asap.
Thanks in advance, Steve