Selling Shares

[iamnotanalcoholic70]

My husband has inherited shares, and would like to sell some to buy a car outright. There will be a mix of shares, so not all from one company. He's inherited shares before, but never sold any. (The previous generation of his family had few children!)
Is it easy to do ourselves? I don't want to have to pay a broker if it's not necessary!
Thank you!

It wouldn't be easy to do yourself. You would have to register the transfer and the buyer would have to arrange to pay stamp duty.

More importantly, how would you find a buyer? Your not going to be able to access public markets on your own so your only option is to use a broker. The fees are likely to be minimal compared to the discount you would have to give to get someone to take them off your hands privately, assuming you could find someone.

If the shares have been transferred to his name, speak to the broker the shares are held with. It is very easy to sell shares in your own name. If the shares are in someone else’s name, you will need to get a solicitor first to transfer assets to him and then sell the shares.

Thank you. Sounds like we'll need a broker!