To the OP. There has been a bit of a pile on regarding your various responses and your attitude to your debts. However you seem to be missing some key insights and I think it is because you are reading some of the posts extremely literally.
No, you didn't take out a mortgage with everyone but with a financial institution. HOWEVER by reneging on the contract and not paying back the debt, you and many others have caused an unintended consequence of requiring the general taxpayer i.e. everyone else, to indirectly fund these bad debts through higher mortgage interest rates. To put it more simply: if all mortgages now in arrears or written off had been serviced properly, it most likely that a) interest rates would be lower b) there would be greater competition in the space as the perception of mortgage lending would not be so heavily skewed agains banks etc. with consequential lower rates.
Who did or didn't vote for a government is ENTIRELY IRRELEVANT. What previous generations did or didn't do is ENTIRELY IRRELEVANT.
What is relevant is that you freely entered into a contract for a loan and through whatever circumstances, be it the end of the relationship, loss of job, wanderlust for travel or whatever, you skipped off abroad knowing full well that you were leaving a debt behind and you were hoping that it would go away. The debt hasn't gone away.
Now I don't exactly know how the bank you are indebted to might work. It might well happen that you receive your inheritance, take the house in your name and the few bob and you never hear another word. If so, you may well be delighted. But you will probably never get another loan, never move to another house or another part of the country, never be able to take out a car loan or a credit agreement for furniture or something else and there will always be the possibility that the bank 'finds you' and pursues you for the debt.
Only you can decide if you want to live your life like that.
I wouldn't.
No, you didn't take out a mortgage with everyone but with a financial institution. HOWEVER by reneging on the contract and not paying back the debt, you and many others have caused an unintended consequence of requiring the general taxpayer i.e. everyone else, to indirectly fund these bad debts through higher mortgage interest rates. To put it more simply: if all mortgages now in arrears or written off had been serviced properly, it most likely that a) interest rates would be lower b) there would be greater competition in the space as the perception of mortgage lending would not be so heavily skewed agains banks etc. with consequential lower rates.
Who did or didn't vote for a government is ENTIRELY IRRELEVANT. What previous generations did or didn't do is ENTIRELY IRRELEVANT.
What is relevant is that you freely entered into a contract for a loan and through whatever circumstances, be it the end of the relationship, loss of job, wanderlust for travel or whatever, you skipped off abroad knowing full well that you were leaving a debt behind and you were hoping that it would go away. The debt hasn't gone away.
Now I don't exactly know how the bank you are indebted to might work. It might well happen that you receive your inheritance, take the house in your name and the few bob and you never hear another word. If so, you may well be delighted. But you will probably never get another loan, never move to another house or another part of the country, never be able to take out a car loan or a credit agreement for furniture or something else and there will always be the possibility that the bank 'finds you' and pursues you for the debt.
Only you can decide if you want to live your life like that.
I wouldn't.