On a point of order: according to the Crown office—and it should know—it is written in Halsbury’s Laws of England, 5th edition, Volume 79, paragraph 808:
“A peerage is an incorporeal and impartible hereditament, inalienable …”
It is real property akin to land. Of course, even if the Royal Prerogative enters into this, I think it is a
lawyer’s point that a parliament can change or nibble away at or remove parts of the Royal Prerogative, so I hope that will not stand in the way.