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Time to sell or to continue to let out?
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Your saying that the rent only covers the mortgage payment.So in effect your only relying on HPI (house price inflation) for your gain in profit.Maybe if you paid down some of the debt on the BTL then you could gain some profit from the rental income?
From a tax saving point of view it's usually better to pay off any mortgage on your own home first as the interest you pay on your BTL is tax-deductable but the interest you pay on your own home loan is after-tax money.
But yes, if the rental income only covers the mortgage (and it's an interest only mortgage) the OP is depending on the capital gain for profit and should compare what he thinks this amount is likely to be (i.e guess future HPI) and compare it to what he could get elsewhere by investing the equity.0
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