Hi all. I have lived in London since 2012. For a few years now I have had long periods of unemployment, poor health etc have meant that for some time I couldn't pay the full mortgage to the EBS, and then when I left I got a tenant and send all the rental to the bank, which has been less than the full repayment amount for a few years now. Arrears have steadily accrued. The property may be worth 180k at a push with an outstanding mortgage total of around 240k incl the arrears. Over the past few years I have been back and forth endlessly trying to reach an agreement with EBS (mostly them writing a strong letter regarding arrears on the property, and me asking for interest-only and sending off a Financial Statement and them not responding for another 6 months until sending off the next letter, and not referencing my correspondence. Round and round going nowhere) So I just got a letter from a solicitor saying that they want the 240k within 7 days, or the property returned. Do I understand that if I return the property, it settles the debt? They dont mention any requirement to pay back a shortfall, or reach and agreement etc. They said that if they dont hear from me, they can reclaim the property at any time without warning. Does anyone else have experience of this? Do they suddenly turn up after 7 days or is there time to decide what to do, and at least give my tenant fair warning etc? I have no appetite for a long drawn out legal argument and also dont have the money to pay the total back. I appreciate any information or advice.