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should I not just take it out and sit on it rather than risk losing more
You don't say what kind of ETFs they are but I think a sensible rule is don't invest in equities with cash you will need within 5 years. Same goes for bond funds, maybe slightly shorter horizon depending on the duration.
I think your best bet is to go to cash ASAP.
NickCJ
@FarCorfe
I have (had) £10k which we need to renew our ground rent in a year's time which is sitting in my S&S ISA in multiple ETFs. It's now down to £9k and can see things falling further rather than going back up within the next 12 months.
Given that sum won;t be around to see any uptick/market correction over the coming years, should I not just take it out and sit on it rather than risk losing more?