Selling shares

*JS*

Hi

A few years ago I inherited some shares in a top UK company when my grandfather passed away. I signed up with Equiniti and since then they have been posting me cheques with dividends twice a year.

Since the value of these shares is quite negligable (<£500), I have now decided the best thing to do is sell these shares and use the proceeds to bulk up my HL S&S ISA.

Problem is, when i use Equiniti Shareview to get a quote they are charging £40 commission for the pleasure which is a huge % of the overall funds.

Who else on the market provides this type of service, and what is the process? I assume I would have to post the share certificate to them before the transaction is completed.

I have used Halifax and HL in the past but this is when I have bought/sold the share online, I have never sold off the back of a certificate I didn't purchase thorugh the same provider.

Any advice/thoughts would be appreciated!

Vortigern

If you have a share certificate you can sell through almost any broker. Cheapest is probably X-O who will sell for £5.95 http://www.x-o.co.uk/
Alternatively, I think you can put the shares in HL's Fund and Share account and sell from there. Costs a little more than X-O but maybe more convenient since you already have an account with HL.

grey_gym_sock

HL offer "bed and ISA" without requiring you to buy back the same shares, which reduces the cost to no more than £5 - http://www.hl.co.uk/shares/bed--and--isa-sipp

*JS*

Thanks for the responses - think I'll go for the bed & ISA approach with HL actually.

gadgetmind

*JS* wrote: »

Problem is, when i use Equiniti Shareview to get a quote they are charging £40 commission for the pleasure which is a huge % of the overall funds.

Do you have paper shares or are they in a nominee account?

If the former, there are low cost options.