Perhaps, TMcGibney, a response to mickeymouse would have been more helpful.
You made the same point in pst 7 and I replied in 13.
I do hope you are right in your (evidently firm) belief that the govnt will not gradually reduce interest relief. However, if they don't do that they will do something else and I believe it prudent to advise inexperienced investors of such possibilities.
mickeymouse - as I asked waxy -is there a possibility of purchasing a larger property even if a little further out, with one more room, for a similar price to that which you will get for your present property?
There has been some movement on the negative equity mortgage front (go through recent threads for more info). It depends on your lender. Its difficult to advsie without knowing incomes, any savings, etc but the last thing i would do is to try to become landlords of your property and rent another for all the reasons in previous posts on this thread.
Maybe I am being more pessimistic than one or two posters, but i do feel that being a landlord will be even more difficult than ever in the future. You must get on to your lender /mortgage brokers and the various agencies and try to transfer the mortgage.