Need to offload a property with negative equity - any ideas?

neverdespairgirl

Start by reading the lease. What does it say about service charges and works?

hazyjo

Could auction it as an investment with the tenant, maybe? What sort of yield?

Jx

Rottensocks

Ask to see accounts etc relating to the service charge already paid: you should be entitled to these contractually. Also ask for a breakdown of work that they intend to do now, and the costs ......

kingstreet

Bear in mind, if you attempt to sell the property for less than the outstanding mortgage amount, the lender will not permit the sale unless you first come to an agreement with them as to how any shortfall will be repaid.