Suite 10, 88-90 Hatton Garden, London EC1N 8PN, UK.

Category: Gold Loan

Pick the Luxury Hut Pawnbrokers London to Pawn Your Valuable Assets

July 14th, 2022

When life throws unplanned hurdles and unexpected expenses, we often sell our precious assets to get money. Pawning could be a convenient alternative to selling off your item outright. Asset loans are given against various items, including gold, jewellery, luxury watches, and other high-end items.

While it’s very common for some people, many are unaware of how the pawnbroking process works. So, it is time that you know your options to make an informed decision.

the luxury hut pawnbrokers london

When Should You Pawn Your Assets?

Let’s give an example. Say you have big plans for some occasion, but as life is vulnerable, there arises a situation when you need immediate cash. What would you do?

Due to lack of information, many of us sell our gold, jewellery and other assets to incur money. Instead, you can take a loan against gold, jewellery, diamonds, and even luxury watches from reliable pawnbrokers in London.

They provide a speedy, secure and easy way to get hold of a loan against your valuable. If you need a quick inflow of cash, the solution can be pawning your asset. This gives you the flexibility to get the cash on time, give pawnbrokers the asset to hold for a while and get it back after repaying the loan amount with interest.

And, the best part is you can retrieve your belonging anytime!

PAWNBROKERS LONDON

The Luxury Hut pawnbrokers in London should be your first place to consider if you’re looking for quick money. We will instantly pay you if you take a loan against watches, gold jewellery, gold ornaments, diamonds or other valuables.

Many people wonder whether it’s safe to visit a pawnshop. At The Luxury Hut, our experts bring over 40 years of combined experience to give you the best competitive value for your asset. We carefully evaluate your item by considering the various factors to offer the best loan amount.

  • For Watches: We check the model, brand, condition, age and documents.
  • For Jewellery: We check the condition, rarity, weight and market value.

Do You Want To Pawn Your Luxury Watch?

Offering nothing but the best pawnbroking service in the UK, The Luxury Hut has an in-house team of expert pawnbrokers who offer loan against Rolex, Cartier, AP, Patek Philippe, and many other luxury watch brands.

As professionals, we know and understand the worth of your belonging and hence aim to pay a fair and competitive loan amount.

Get a Quick Loan against Your Jewellery in the UK

Borrowing cash against your jewellery is a no-brainer as most of us have always considered that. But whom did you visit to get that loan? Is it a bank or any other traditional setup?

When you take a loan from the bank, the officials will check your credit score and financial stature to quote the loan amount.

Alternatively, you can skip all the hassle with a London pawnbroker where the security of your item does not depend on your financial account. You can rest assured that your item is safe in a secured vault which you can get back at any moment after repaying the loan amount with interest.

The Luxury Hut will give you an instant loan for your diamond jewellery, engagement ring, or any other precious jewellery piece after accurately evaluating your belonging. We do not carry out any credit checks before making the loan offer.

pawn luxury watches and jewellery

Get a Loan against Your Gold

Wondering if I should ‘pawn my gold’? Our professionals are ready to make an INSTANT payment if you want to take a loan against your gold. We will weigh and evaluate the gold items you want to pawn and swiftly calculate the loan amount based on the current market value.

You can visit us in person to witness the process right before your eyes and ensure 100% satisfaction. As trusted pawnbrokers, our officials keep the process straightforward and hassle-free. There’s no obligation, and you can withdraw from progressing anytime you want.

We’re experienced in dealing with various gold items and nurture a strong reputation for excellence.

Here’s a list of the gold items you can use to borrow money from us:

  • Rings
  • Earrings
  • Necklaces
  • Bangles
  • Bracelets
  • Coins
  • Chains
  • Scrap Gold
  • Gold Jewellery

Also Read: Which luxury watches secure the highest pawn value in 2022?

Pawn your Watch, Jewellery & Gold in 4 Steps:

1. Fill Form

Start by filling in an online form by providing as many details as possible.

2. Get a FREE Loan Quote

The experts will offer a FREE loan quote for your item.

3. Send Your Assets

Get a Contact-Free Home collection and a pre-paid shipping label to send us your valuable for a complete evaluation.

You can also call 0207 242 9160 to book an appointment at our Hatton Garden office.

4. Accept Offer & Get Paid!

If you’re happy with the final loan offer, we will pay you immediately via your preferred payment method.

The qualified experts at The Luxury Hut ensure a speedy process and take no time to give you the most competitive value for your belonging. The offer you get on the phone is the amount you get in your hands. This is why we have a demonstrable record of a satisfied clientele base.

Those who have never visited a pawn shop before can trust our expertise and experience to pawn their items. Remember, you do not lose ownership of your item when you pawn it.

pawn your valuable assets

What Makes The Luxury Hut The Best London Pawnbrokers?

When looking for a pawnbroker in London, you must work with the very best. At The Luxury Hut, we understand that pawning an item that holds emotional or sentimental value for you can be stressful. Hence, we aim to enhance the pawnshop experience with our strictly professional and absolutely secure service.

Borrowing against your valuable couldn’t be any easier or quicker!

Below are the various additional benefits that make us a top choice amongst people who want to take a loan in the UK.

Reasons to choose us:

  • Immediate Asset Valuation (Watch, Gold & Jewellery)
  • INSTANT loan Offer
  • No hidden/monthly charges
  • No early redemption fees
  • No Obligation
  • No Credit checks
  • Complete safety of the collateral within the contract tenure
  • Quick & Transparent loan process
  • Contact-Free home collection
  • Payment via cash/ Preferred mode

Other key things to remember:

  • Maximum Loan Period: 6-7 months
  • You can pawn multiple assets at a time
  • Pay interest at the end of every month only during the loan months
  • Pay back the loan anytime during the loan period, including the interest, to get your asset
  • Bring your ID proof & sign a pledge receipt to enter a deal

CONCLUSION

Taking a loan is something that you must carefully consider. It is not just about the money you get but the peace of mind that follows. While there are numerous pawnbrokers in London, The Luxury Hut is an established, trustworthy and reliable pawnbroker with over 40 years of combined experience. We have a proven track record of offering the best loan value for watches and jewellery.

Whatever your reasons for seeking a loan against your watch or jewellery, you need to feel assured that you have put your trust in a reliable pawnbroker.

You can consider us the right option for you and get in touch with us to pawn your valuable by filling in the form or calling 0207 242 9160 to book an appointment.

Also Read: A Comprehensive Guide To ‘Rolex Finance’

High Street Pawnbrokers: A Trusted Lifeline for Many Borrowers

August 31st, 2021

Pawnbrokers once acted as the only means of support for the helpless or poor people during hard times. However, with years, more and more people recognised the benefits and convenience of the services offered by high street pawnbrokers. And today, individuals from different walks of life turn to pawnbrokers to raise some fast cash during short-term monetary needs.

High Street Pawnbrokers

High street pawnbrokers are not the relics of days past. They continue to serve as a reliable lifeline for many borrowers, especially those who cannot access mainstream credit lending.

Simple, Secure & Straightforward – The Pawnbrokers Way

Today, more people are turning to pawnbrokers because it is more straightforward to get a pawn loan than other traditional loans. If you want to secure a pawn loan from a pawnbroker, you only have to give any valuable item as collateral to your pawnbroker. However, the collateral or pledged asset can be anything of value. But most people commonly opt for a loan against watches, diamond and gold jewellery.

Now your pawnbroker will evaluate your pledge’s value and offer you a cash loan based on the value over an agreed time. The maximum tenure of a pawn loan is usually six to seven months. However, one of the most significant benefits of pawnbroking is that –

You can retrieve the loan any time within the contract tenure and redeem your pledge item.

What if you fail to repay your loan by the deadline? Your pawnbroker can either help you to renew your contract or sell the pledge. Unlike payday loans, pawnbrokers allow settling their loans quickly without building up impossible debt levels for customers.

The Key Advantages of Pawn Loans

Borrowing credit from a pawnbroker is undoubtedly fast and convenient. Moreover, in terms of interest rates, pawnbrokers provide a much better rate compared to payday lenders. Another significant advantage of pawnbroking is that pawnbrokers do not carry out any credit check before approving a loan. This is because they lend money based on items.

However, the Financial Conduct Authority (FCA) regulates the pawnbroking business in the UK. Every pawnbroker has to meet and maintain stringent rules of conduct and solvency. Moreover, customers who have not received fair treatment are left only after a remedy.

Customers entering into a pawn loan agreement are entitled to a 14days cooling off period. This enables you to change your mind and deny the contract with no penalty up to 14 days from signing the agreement.

Interestingly, according to FCA rules, every authorised lender providing unsecured access to money has to carry out a creditworthiness assessment of the consumer. But pawnbrokers do not need to conduct this as their credit depends on a valuable asset.

So if you are looking to raise some fast cash and own anything of value, you can make the best decision by getting in touch with any trusted pawnbrokers in London or any other big city. No matter if you have an emotional attachment to the item you use as collateral, you can get it back once you pay off the loan.

The Impact of Covid-19 on Gold Price

July 13th, 2020

Unlike shares or many other short-term investments, Gold is the archetypal “safe-haven” asset. The price of Gold typically appreciates when time gets tougher.

Thus, people tend to hold onto assets made from this precious metal as long as possible. Now:

The outspread of COVID-19 has dramatically affected the financial market.

the impact of covid-19 on gold price

And there were speculations about what impact COVID-19 would bestow on the gold price. Gold’s status as the “safe-haven” asset might become a beneficiary.

Indeed, the market has seen a lot of changes in the past few months and weeks in the Gold’s scrap or spot price.

Let’s today know about the performance of the gold price during the current time.

The Surge in the Gold Price

Since February 2020, the price of 24ct Gold has ramped up to nearly £1,416 per ounce from £1,282 per ounce.

  • However, the surge in the gold price is currently discernable every day.
  • And it is assumed that the rush is not going to cease any time soon.

Indeed, while many prototypical blue-chip investments started to depreciate, people are turning to the “safe-haven” asset Gold.

Thus, for those who own any gold item like a ring, bracelet or necklace, continue reading below.

Spot vs Scrap Gold Price

The scrap price of an 18ct Gold chain weighing 23grams is nearly £853. It is 90% of the spot price; however, you can achieve it with a little bit of negotiation.

Moreover, a chain that is well-crafted and has hallmarks or the manufacturer’s marks will ideally worth much more than the scrap price.

The fact is:

  • The higher scrap price of Gold is serving as a rising tide that lifts all boats.
  • The base price of every jewellery item made of Gold has boosted by 43%.
  • Eventually, it is influencing everything made of Gold.

Thus, at a time when you may need access to fast cash to meet your short-term financial needs, you can decide to turn your old gold jewellery into cash.

However, like many others, you might choose to scrap your beautiful jewellery piece just because the current scrap gold price is steep.

But rather than scrapping your gold item, you could opt for a pawnbroking loan against it.

Pawn your Gold

Pawning your gold jewellery with trusted pawnbrokers like at The Luxury Hut is ideally the best choice, especially if it has an emotional value attached with it.

The maximum tenure of a pawn loan is usually six to seven months. Once you pay off the original loan amount and its interest due, you can retrieve your exquisite asset and enjoy wearing it or use it as collateral again if needed.

Whether it is a gold ring, necklace or any other assets of Gold, secure a short-term pawn loan against your gold item today and raise instant cash.

Rest assured that your gold item will fetch you a premium right now than ever.

And with trusted pawnbrokers in London at The Luxury Hut, you will receive the highest possible cash loan offer against your precious metal instantly.

Here at The Luxury Hut, our expert evaluators continually keep track of the current market condition and prices.

We pride in ourselves for offering seamless customer service and hassle-free way to secure a loan against luxury watches, diamond and gold jewellery.

We will determine an accurate price of your gold item, considering its most updated value on the day of the appraisal.

Thus, fill up our simple online form and get a free competitive loan quote immediately.

Or call us on 0207 242 9160 to book an appointment at our office in Hatton Garden, London.

© 2022 The Luxury Hut is a trading name of Golden Cash Limited. Authorised and regulated by The Financial Conduct Authority for pawnbroking. Registered in England as Golden Cash Limited. Registered Number is 07309335. Registered office address: Treviot House, 186-192 High Road, IIford, Essex, IG1 1LR.

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