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With your mortgage rate so low, I assume this was based on a PPOR place. Is your lender, especially in these times, aware that you have turned it into an IP? I can remember my lender had a clause in there, to let them know if I was changing it from a PPOR to an IP. Generally, they have...

I reckon this is just gambling! I Have assets (house / cash / Investments) in London, and am just forgeting about them..... I will pop in for the Olympics in a few years time and see how its survived. I would like to go over and buy a property in SW1 maybe due to the callapse of house...