Selling Mixed Parcel of Utilities Shares

ringey79

I would appreciate advice in how best to sell a mixed bag of shares - NG,SSE,BT,Lloyds. The registrars are Equiniti and Computershare. 

Hoenir

Do you hold paper share certificates? 

wmb194

ringey79 said:

I would appreciate advice in how best to sell a mixed bag of shares - NG,SSE,BT,Lloyds. The registrars are Equiniti and Computershare. 

Since you're asking I'm guessing you have certificates; open a brokerage account, lodge them with the broker and then sell. You could do this with e.g., iWeb, ultimately owned by Lloyds Bank, for £5 per trade. You can find the certificate lodgement forms under, 'Transfers' when you've logged in. There's no charge for this but it's a good idea to send certificates by registered post.

https://www.iweb-sharedealing.co.uk/

If you want to pay through the nose you can sell them via the registrars.

Beddie

Sometimes the registrars have preferable rates for selling small amounts of privatisation shares. It was £10 for me to sell some Lloyds shares earlier this year. Not the absolute cheapest way, but cheap enough and minimal hassle.

This was for shares held in their nominee account, so might well cost more if it's paper shares. In which case do as said above, or even ask your own bank - they might be cheap enough for this kind of thing.

Contact them and ask.

boingy

If it's paper certificates then XO or iWeb would be my suggestion, assuming iWeb accounts are still free to open.

Hoenir

boingy said:

If it's paper certificates then XO or iWeb would be my suggestion, assuming iWeb accounts are still free to open.

X-O are £5,95p a trade with no account fees. Always found them to be quick and efficient being a smaller operation.