Selling BT shares best method

serendipity109

Please can I have advice on selling around 300 shares, they are in paper form.
I called BT today they said they charged 1.5 percent commission is there a quicker and easier way?

masonic

You've mentioned a commission rate, which can be used to determine the cost, which looks like it will be a little under £10. But you are not asking for a cheaper way.

You've not mentioned how long BT (or presumably their registrar) would take, but your other option would be to transfer to an electronic platform and then sell yourself. This may not be quicker. I doubt it would be easier either. But it might be slightly cheaper.

serendipity109

Is there's quicker easier way?

masonic

Any alternative way would require you to transfer the shares from Equiniti to a nominee account with a different broker. This would be neither quicker nor easier than selling direct. You would need to register with a broker, set up an account, complete a stock transfer form, send it in with the share certificates, wait, then when the transfer is complete place a sell order, wait for that to settle, then withdraw the cash. What you are being offered above, would seem to require you just to fill out a form and return it with the share certificates, and you'll probably get a cheque in the post.

serendipity109

Thank you that's very helpful! 

FrugaiMacDugal

You could do as masonic says above, maybe using IWEB, and deal for £5.

Is it worth the hassle to save a fiver?

If shares are still in paper form you must've had them a while so what's the rush now?

wmb194

FrugaiMacDugal said:

You could do as masonic says above, maybe using IWEB, and deal for £5.

Is it worth the hassle to save a fiver?

If shares are still in paper form you must've had them a while so what's the rush now?

It's had a good run, moving towards five year highs. It's usually not long before something goes wrong for BT: