Selling certificated shares

nfs_daemon

I've got a shareholding I want to sell (worth about £7.5K), and I have paper certificates.  The registrar's fees (Link Asset Services) are, natch, rapacious.

I used to have a Jarvis X-O account, so I now have a ii account costing me nothing to run (until January?).   

Is it worth looking for somewhere else to do this trade, or should I just send the certs to ii to get them electronificated (new word I just made up - I quite like it) and then flog them?

eskbanker

I think the recognised term, only marginally less cumbersome, is 'dematerialised'!

IWeb is another broker potentially worth considering for this, mentioned in other recent threads asking about selling certificated shares cost-effectively.

poseidon1

nfs_daemon said:

I've got a shareholding I want to sell (worth about £7.5K), and I have paper certificates.  The registrar's fees (Link Asset Services) are, natch, rapacious.

I used to have a Jarvis X-O account, so I now have a ii account costing me nothing to run (until January?).   

Is it worth looking for somewhere else to do this trade, or should I just send the certs to ii to get them electronificated (new word I just made up - I quite like it) and then flog them?

Interactive investors offers 1 free trade each month.

If that is available to you  following the Jarvis takeover, why not use it?

In any event their £3.99 trading fee is hardly going to break the bank.

nfs_daemon

eskbanker said:

I think the recognised term, only marginally less cumbersome, is 'dematerialised'!

"Dematerialised" sounds more like what happened to the values of my holdings of IAG and National Express....

UKX69

Open an account with iWeb, download a transfer form on the site or fill in as pdf and print out. Fill in a crest transfer form the same way for each stock and send the lot off to iWeb. The transfers in are free and each stock will cost £5 to sell irrespective of size. In my experience it only takes about 5 days.

nfs_daemon

UKX69 said:

Open an account with iWeb, download a transfer form on the site or fill in as pdf and print out. Fill in a crest transfer form the same way for each stock and send the lot off to iWeb. The transfers in are free and each stock will cost £5 to sell irrespective of size. In my experience it only takes about 5 days.

Thanks - looks like I'll give that a go.  Turns out I don't have an Ii account - as my X-O one was zero balance and unused it just got closed, not transferred to Ii.

wmb194

nfs_daemon said:

UKX69 said:

Open an account with iWeb, download a transfer form on the site or fill in as pdf and print out. Fill in a crest transfer form the same way for each stock and send the lot off to iWeb. The transfers in are free and each stock will cost £5 to sell irrespective of size. In my experience it only takes about 5 days.

Thanks - looks like I'll give that a go.  Turns out I don't have an Ii account - as my X-O one was zero balance and unused it just got closed, not transferred to Ii.

Note that iWeb recently changed its name to Scottish Widows Share Dealing. https://www.scottishwidows.co.uk/investing/ways-to-invest/share-dealing-services.html