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All sounds like good advice, thanks very much. I may end up combining the two, finding a broker and consolidating the equity. In any event having re-evaluated the situation and taken a fresh look at the numbers, I decided not to proceed with the sale at such a huge loss - I think I can muddle...

Morning I bought a property 3 years ago in Canary Wharf at £450k. I am losing around £12k a year on it, and paying very little capital off as I took out a long mortgage with fixed 5 year term. Nevertheless the rent does cover all the interest paid. I have 6 other properties and have been...