Borrowing against a portfolio
I'm a sole trader who owns a few properties. My equity is around 18%/£200k, and I'm looking to borrow around £70 secured against the portfolio.
I did look at setting up a company with a secondary charge against the whole lot, but it seems I would have to pay stamp duty again when I transfered them over to the company. This would be cost prohibitive.
Any suggestions greatly appreciated.
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