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  • FIRST POST
    • richyje123
    • By richyje123 12th Oct 17, 12:52 AM
    • 4Posts
    • 0Thanks
    richyje123
    Selling shares
    • #1
    • 12th Oct 17, 12:52 AM
    Selling shares 12th Oct 17 at 12:52 AM
    Hi,

    I have approx £60k in shares in the following companies...

    IAG
    Santander
    Whitbread
    Diageo
    Lloyds

    They are with the original Broker (e.g. IAG - Computershare). I have been looking at the dealing costs for selling them with their current brokers which is much higher than the likes of Hargreaves Lansdown which charge approx £12 per trade.

    As an example Computer Share charge 1% and £20 for online dealing. The IAG shares at current value are approx £26,000, so I am working this out to be £260 + £20 = £280. This compared to H&L of £12.95 is quite a difference...

    In order to sell them with Hargreaves Lansdown I believe I would have to transfer the shares over to them to be held in a fund and share account.

    I am wondering if it is safe for me to transfer the shares like that. Would I still be the owner of these shares, is it safe to move them over and possibly leave them for a while until I sell ? Also if anyone has any suggestions on who to use to hold and sell the shares (when the time is right) please let me know.

    Thanks,

    Richard
Page 1
    • Tom99
    • By Tom99 12th Oct 17, 2:00 AM
    • 244 Posts
    • 107 Thanks
    Tom99
    • #2
    • 12th Oct 17, 2:00 AM
    • #2
    • 12th Oct 17, 2:00 AM
    It is safe to transfer shares in that way.

    If you transfered your shares to Halifax for example you could then take advantage of the once a month offer to trade for £3.95
    • jimjames
    • By jimjames 12th Oct 17, 12:20 PM
    • 12,090 Posts
    • 10,538 Thanks
    jimjames
    • #3
    • 12th Oct 17, 12:20 PM
    • #3
    • 12th Oct 17, 12:20 PM
    Or transfer to iWeb, £25 opening fee but £5 to sell immediately. Still far cheaper than the current option, I guess it depends if you want to know the price you sell at and choose date/time to sell
    Remember the saying: if it looks too good to be true it almost certainly is.
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