Prosearch And Equinity

[chrissa1]

I have received a letter out if the blue today, addressed to myself and my late husband. The letter/form states that I am due £1017.80 from Lloyds Bank Group.

The old address on the form that they had for us is correct, albeit an address we lived in, in Northern Ireland during the 80's.

I googled Prosearch and from that rang Equinity who confirmed that indeed this money was owed to me. They would charge me £95.00 per account so would deduct 2 x £95 from the sum.

Prosearch state that they would deduct 12.5% plus VAT from the sum owed.

I haven't got my calculator on me.

Which is the cheaper option and the easier one?

[bhg481]

12.5% of £1017.80 = £127.23.

Add VAT at 20% = £152.67

£95 x 2 =£190

[Baldric]

https://www.google.co.uk/search?q=online+calculator&rls=com.microsoft:en-GB:IE-SearchBox&ie=UTF-8&oe=UTF-8&sourceid=ie7&rlz=1I7PRFA_enGB424&gfe_rd=cr&ei=pZjTVLrfMu-q8we-zYL4Cw&gws_rd=ssl

[chrissa1]

Ever helpful, Baldric.

I would have thought that going to the "head honcho" would have been cheaper.

[Old_Geezer]

Can you not simply thank them and contact the Lloyds Bank Group to see if you can get your money without the searcher's fee ? Or would you feel that was unfair ?

[Baldric]

Thought it might come in handy if you found yourself minus your calculator at some time in the future

[chrissa1]

Equiniti, Is the Lloyds Bank Share Dealing Dept. I guess it's like a bank charging £10/sheet for an old bank statement. So, £152.67 is a lot less than £190.

Still a nice windfall.

Thanks Baldric. I have a calculator on my IPad but had started writing my post before doing the sum. I didn't want to lose what I'd typed. :/

[THECORBYLOON]

Before you pay anything, you should read this, it's from 2011 but may be relevant still. If it involves only a change of address it may not cost so much if you contact the Registrar directly.

http://www.bbc.co.uk/news/business-12373454

[chrissa1]

Thanks for that, TCL. I am certainly going to write to Equiniti, inform them of my change of address etc and request copies of these share certificates that I didn't know, existed.

However, they wanted to charge me much more than Prosearch, so I have gone with them.

Thanks, again.