Selling shares in certificate form

joeypesci

Really need to sell my very small holding of BP shares that I have as a certificate (bought way back in 2008 roughly). I used to use x-o but have only just discovered they've closed (I got no e-mail about that happening).

Where can I sell these shares now?

wmb194

joeypesci said:

Really need to sell my very small holding of BP shares that I have as a certificate (bought way back in 2008 roughly). I used to use x-o but have only just discovered they've closed (I got no e-mail about that happening).

Where can I sell these shares now?

Scottish Widows Share Dealing, formerly iWeb, is a good option at £5 per trade and no account fee.

There are cheaper brokers but they won't accept the lodging of certificates.

If it's a very small holding the share registrar might be another option: they sometimes have discounted dealing costs for small holdings.

https://www.scottishwidows.co.uk/investing/ways-to-invest/share-dealing-services/share-dealing-account.html

poseidon1

wmb194 said:

joeypesci said:

Really need to sell my very small holding of BP shares that I have as a certificate (bought way back in 2008 roughly). I used to use x-o but have only just discovered they've closed (I got no e-mail about that happening).

Where can I sell these shares now?

Scottish Widows Share Dealing, formerly iWeb, is a good option at £5 per trade and no account fee.

There are cheaper brokers but they won't accept the lodging of certificates.

If it's a very small holding the share registrar might be another option: they sometimes have discounted dealing costs for small holdings.

https://www.scottishwidows.co.uk/investing/ways-to-invest/share-dealing-services/share-dealing-account.html

MUFG is BP's registrar's. Their commission terms for postal sales dont look very appealing   - £65  minimum ( 2.49% for trades 0 to £50k) -

https://sharedeal.cm.mpms.mufg.com/media/0b5mmby1/mufg-corporate-markets-generic-postal-dealing-tscs-july-2025.pdf

As mentioned Scottish Widows appears to be the better option.

joeypesci

Will take a look at Scottish Widow. I assume its not going to be quick. Needed it quick then discovered x-o had shut down who I used to use.

Notepad_Phil

joeypesci said:

Will take a look at Scottish Widow. I assume its not going to be quick. Needed it quick then discovered x-o had shut down who I used to use.

A couple of years ago when they were still iweb they managed to get a bunch of certificate for a couple of companies into the Investment Account within a couple of days of their receiving the certificates. So hopefully not too much longer if at all for you.

badger09

I sold a certificated shares in Lloyds Banking Group in June last year through IWEB. Quick & easy process, just 2 forms to complete. Post them Royal Mail guaranteed next day or tracked 24 or 48 hours depending how urgently you want the money. 

Nabbthis

Hello forum

I’m new here and have a question about the best cheapest way to sell 160 Lloyds bank shares transferred to me (with a certificate) by a Aussie, friend several years ago. I’ve never wanted to buy or sell shares in the past so I’m a complete novice. Any suggestions about how to proceed would help me greatly.
On some comments I’ve noticed considerable charges for selling shares but I’ve no interest in anything other than selling these few shares I was given. My friend needed to dispense with them as they evidently affected her Australian income tax.

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81964172#Comment_81964172

The above recommendation to use Scottish Widows should still stand?

refluxer

https://forums.moneysavingexpert.com/discussion/comment/81964172#Comment_81964172

As above - for a one-off deal with a paper certificate, a Scottish Widows share dealing account would be a good bet. It's free to set up, you post your certificate to them and it then costs a flat fee of £5 per trade (many other options, including the registrar of your particular shares, charge a percentage of the sale, usually with a minimum that's considerably higher than £5)

I ended up with one of these accounts as I previously had an account with IWeb. I haven't sold any shares yet, but did recently transfer some shares to Scottish Widows and had no issues.

When posting share certificates, I would echo the comment above about sending them via one of the Royal Mail 'Tracked' options as it costs money to replace certificates that are lost in the post.

At not much more than £1 a share, it's hard to understand why 160 Lloyds bank shares affected your friend's finances so much ?

cc123mm456

The main Scottish Widows website can be a little difficult to navigate, because it lists various products, including pensions, insurance, and various investment options.

The only product that you need for this transaction is the Share Dealing Account. Here is a direct link to that section.

https://www.scottishwidows.co.uk/investing/ways-to-invest/share-dealing-services/share-dealing-account

I hope it helps