Possible to transfer our mortgage over to our tenants?

We currently owe 270k on a house we have rented out.
The going rate for similar properties in the area is about 130k.
So, we're up to our necks in negative equity.

Our current tenants are very keen to buy the house from us, but aren't in a position to get a mortgage. They could, however easily cover the repayments that we make on the mortgage.

I've been very frank with them and told them how much is outstanding on the mortgage and the fact that they could getanotherplace car half the price, but they're still adamant that they want our house.

Is there any such thing as handing a mortgage over to someone?

No there isn't, they would have to be approved for a new mortgage by the bank.

And the bank would not approve them for a mortgage of more than twice the value of the property so they would not be purchasing it for €270k from you.

Thought as much, thanks all the same.