Selling Santander Shares

[wiltsman]

I have been thinking recently of selling my Santander shares, which total 443. The value is around £1500.

This week I had a letter from Equiniti Financial Services offering to buy them. The offer would cost me 25p per share (up to a maximum of £50). Plus 0.5% commission fee for the conversion of the proceeds from Euros to Pound Sterling.

Is this a reasonable cost, or is there a more cost effective way of selling them?

[Canary42]

I'm no expert, but I believe (without looking into it in detail) that it's probably about the best you could get if you don't have an account with a Broker - if you do, then you should do better there I would think. But if you don't, by the time you've opened an account and transferred the shares in, the costs would probably be about comparable. You could ask your bank, who may do a better deal.

[fiction-factory]

Sounds on the high side to me. I'd get some quotes, Start by asking your bank and another online trader

[wiltsman]

Thank you both for your replies.

[New Judge]

£57 is a tad steep. I buy and sell shares for £11.95 per transaction. But that's via an online account with Hargreaves Lansdowne.

[wiltsman]

Thank you N J.