Topic summary
British upper class

Extracted from the Wikipedia article Social class in the United Kingdom.
Heraldry, aristocracy and social class
Until the 20th century, feudal titles – Lordships of the Manor in England and Feudal Baronies in Scotland - were largely owned by the traditional nobility, and many are still in the hands of the landed gentry, of Peers and even of the Royal Family. They are incorporeal hereditaments just like hereditary peerages, baronetcies and coats of arms but can, unlike them, be freely bequeathed to an appointed heir or even sold. In the late 20th century, it became fashionable for foreign businessmen without a social or historical connection to the British upper class, often without any connection to Britain at all, to purchase them solely with the intent to use the title. This development was accelerated by the Abolition of Feudal Tenure Act in Scotland, which came into force in 2004 and detached Scottish feudal baronies from the manorial houses, the rights and the lands they were attached to (an analogous separation had already occurred in England centuries before). Thus, in the opinion of some commentators feudal titles can not be regarded a mark of nobility by themselves any more, unless they are held under the same conditions as they were in feudal society. However, other commentators point out that feudal titles were often bought, sold or exchanged throughout their history by those seeking to elevate their status, and recent developments simply allow the tradition to continue.