- Home
- > Share Dealing
- > Services
- > Selling share certificates
Selling share certificates
If you hold any UK investments on share certificates, you can sell them real-time during market hours through our telephone service by calling us on 0845 606 1188. You will need to have the share certificates to hand when you call as you will need to quote the certificate numbers - please ask the agent who answers your call to check that your certificates are valid.
If you are not already a Bank of Scotland Share Dealing customer you may need to open a Share Dealing Account or Bank of Scotland ShareBuilder before we can sell your certificates. If the value of the certificates you are selling is under £9,000 and have been issued by one of the following companies, you can sell the certificates without opening an account:
- BT
- Centrica
- HBOS
- Legal & General
- Marks & Spencer
- O2
- Orange
In order to complete your sale, we will send you all the relevant paperwork which you must sign and return to us along with your share certificates. We can not send you any money from the sale until we receive these documents. It is important to note that if we have not received your documents 5 working days after the settlement date shown on your contract note, we will have to buy back your shares and you will be liable for all costs. These include the dealing charges for the original sale, the repurchase costs and associated dealing charges and an administration fee of £50 + VAT. We will deduct the money from your sale to offset these costs but you will have to pay any difference.
If you are selling share certificates worth more than £25,000 then you will need to send your share certificates and a CREST Transfer Form to us before you deal. You may wish to send these by Special or Recorded Delivery.
Deals up to £25,000 are charged at 1.25% of the deal value, with a minimum charge of £30.00. For deals over £25,000 in value, special rates are available on request.
If you would like to deposit your UK share certificates into an account with us, please see the 'Depositing share certificates' section.
Next Steps
To sell your share certificates, call now on 0845 606 1188 (lines are open 8am - 9.15pm Monday to Friday and 9am-1pm Saturday excluding English Bank Holidays.)
Please remember the value of your investments and the income from them can go down as well as up. You may not get back the full amount you have invested. If you're in any doubt about the suitability of any of our products, or whether to buy or sell shares, you should consult an appropriate Financial Adviser.
Click here to view our Regulatory Information
Calls from BT landlines will cost a maximum of 4p per minute and a 6p call set-up fee. The price of calls from other telephone companies will vary. The call price is correct at 13th November 2007.
