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

Category: Pawn Watches

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’

Which luxury watches secure the highest pawn value in 2022?

May 12th, 2022

Luxury watches are primarily for flaunting on your wrist. Yet, recently there has been a steady increase in people who want to buy luxury watches as investments and make a profit later. The world of luxury watches has indeed proved to be beneficial when it comes to investment returns. This option is quite lucrative if you know which models to buy.

high pawn value watches

As the development of the watch industry is on the rise, you can easily expect a hike in your investment return by spending on a variety of luxury watch models. Moreover, the watches can also help you during an unprecedented cash crisis by allowing you to take a quick loan against luxury watches from a reputed pawnbroker.

Are you aware of the watches that can be a valuable asset against a cash loan?

Let’s look at some of the most popular watch brands and models that will secure you financially.

1. ROLEX

Without a doubt, Rolex makes it a point to secure the top position in any investment list. The luxury watch brand has been titled the best investment watch brand in 2022 with rising market demand and appreciating value. We suggest investing in the Rolex Oyster Perpetual 41, which comes with a stunning ‘Stella’ dial to secure a higher pawn value. If you’re a minimalist by heart yet want your wristwatch to make a statement, the Stella Rolex will help you achieve that with its beautiful range of dial colours.

The Oyster Perpetual 41 watches come in yellow, coral red, green, and turquoise and have become a true hype model that will fetch you a satisfactory pawn value when you pawn watches.

Rolex has smashed all traditional notions of following stereotypes by including the Stella range’s colourful accents that perfectly fit today’s watch trend while ensuring an increasing market value.

Also Read: A Comprehensive Guide To ‘Rolex Finance’

2. PATEK PHILIPPE

The Patek Philippe 5711/1A most certainly needs no introduction as we are aware that they are longer in production. Following this news, the demand and exclusivity of this watch have increased tenfold. The Patek Philippe Nautilus, 5711/1A in Green, is a trending model that immediately reacts to its unique design, especially the thinness. Coming in a 40mm case, the green version is one of the most sought-after, with a horizontally imprinted sunburst olive-green dial. The luminous gold hour markers make for a fine contrast against the green hue, which, combined with the steel bracelet, makes the watch undeniably alluring.

The price of the Nautilus will only continue to rise, most specifically because of its unavailability. In such a case, if you manage to get hold of one, the pawnbrokers in London would be more than happy to offer you a loan against the watch.

3. AUDEMARS PIGUET

In a stainless steel version, the Audemars Piguet Royal Oak Jumbo is a no-brainer and is an absolute classic timepiece that the brand has ever created. The past couple of years has only seen increased demand for this particular timepiece. We are talking about the Royal Oak Jumbo Ref. 15202ST, whose price has only exploded. It is one of the best luxury sports watches which you can quickly look and feel in the watch’s well-built design without even wearing it. The octagonal bezel with the distinctive screws is perfectly aligned, and the 39mm case makes it super comfortable to wear.

One of the biggest highlights is the Blue dial with Petite Tapisserie pattern and luminous white gold-applied markers that looks eye-catching. The watch goes with everything and presents an elegant outlook.

4. CARTIER

Over the years, Cartier has released numerous high-end watches that have earned the brand a long trail of admirers and collectors. The Cartier Santos lineup has been in construction for over 100 years and is instantly recognisable for its standout square shape case design. The Santos De Cartier Large variant made of stainless steel is distinctive in the Santos catalogue. The watch has a fairly sleek profile with a skeleton dial, blue sword-shaped steel hands and Roman numerals in black. You can get an exceptional view of the movement with an open case back.

Collectors have always chosen the Santos watch because it greatly upholds the brand’s history, success, and determination to curate the best jewellery watch designs. You can pick from both the quartz and automatic versions based on your preference.

5. VACHERON CONSTANTIN

Vacheron Constantin is a readily available alternative to the AP and Patek Philippe models. The VC Overseas Ref. 4500V is only increasing in popularity for its proximity to the other two watch brands. The Ref. 4500V steel watch is ideally suited for active lifestyles, and VC constructed the watch design as a tribute to the spirit of travel. It is slim, and the unique tonneau-shaped case makes the timepiece easily recognisable. The clean dial with baton hour markers and a notched round bezel makes it look sporty yet considerably stylish.

One of the most striking features of the Vacheron Constantin Overseas Ref. 4500V is the complex bracelet design with unusual hexagonal centre links that fit comfortably on the wrist. You can get the design in a 37mm, 25mm, and 34mm case.

The Vacheron Constantin Overseas watch is a slightly unconventional model in demand. With its long-standing successful graph, it is safe to assume that the popularity of this watch will only increase in the future.

6. JAEGER-LECOULTRE

Jaeger-LeCoultre is a venerable watchmaker of complicated movements. In 2020, the brand released a clever timepiece that hosts interesting technical complications. Ref. Q4138420 is the first JLC model to combine a full calendar (month, day, date) with a moon phase indicator. To enable this functionality, the brand developed a new movement, JLC759. The stylish and classic Master Control Chronograph has a 40mm round case, rectangular pushers at 2 & 4 o’clock, 4 correctors on the case band, and numerous other functionalities controlled via the crown.

Additionally, with its slim bezel and silver, sunray-finished dial, the JLC Ref. Q4138420 combines true yet understated elegance, showing deep respect for tradition while exploring the latest watch innovations.

7. OMEGA SPEEDMASTER

The Omega Speedmaster always holds its value well, and in this case, the basic is the best. The Speedmaster Professional is the flagship Omega model, commonly known as the ‘Moonwatch’. The Ref. 311.92.44.51.01.003 has a sleek, all-black sporty look that signifies the Moon’s ‘Dark Side’. Furthermore, it reflects the brand’s bold style and forward-thinking watchmaking.

The black zirconium oxide ceramic dial with two sub-dials at 3 & 9 o’clock, striking white gold Moonwatch-style hands, and a polished ceramic bezel look unique.

One of the most easily identifiable features of the Ref. Ref. 311.92.44.51.01.003 is the chromium nitride tachymeter scale that immediately captivates attention. The deep black material looks lustrous. Such intense use of ceramics with other extraordinary features makes the watch a standout.

Every watch enthusiast who knows about the industry is keen on collecting this remarkable timepiece, making it an even better bet to invest in.

8. BREITLING

There’s hardly any watch fanatic who hasn’t taken an interest in the Breitling Navitimer Ref. 806 1959 Re-Edition, a limited edition timepiece. The model comes in a 41mm case and looks much similar to the Navitimer in 1952 with a steel case. The watch blends practical convenience with aesthetic case-making to give a fantastic result. The watch has an excellent design with three chronograph sub-dials, a slide-rule mobile scale and dial rings, and a bi-directional bezel. The scale of the Navitimer allows the pilots to calculate the fuel consumption and the airspeed. All these features make the iconic Breitling timepiece one of the best pilots watches made with a 70-hour power reserve.

The Breitling Navitimer Ref. 806 1959 Re-Edition watch is an exact recreation of the original. The only difference is that the brand has used Super-LumiNova instead of radium. The all-black dial is highly legible and looks unequivocally attractive while displaying a lot of information. Only 1959 pieces of this timepiece are available, making it even more worth investing in. The watch will surely secure a high value in the coming years.

CONCLUSION

Above, we have presented the watches that will secure you a high loan value. While the hype on the common brands continues, many collectors and enthusiasts will opt for the other unconventional brand names listed above. All the watches mentioned above qualify aesthetically and will be worth it when you need some financial help. Instead of outright selling, you can take loans on fine watches to generate quick cash.

At The Luxury Hut, the watch specialists offer INSTANT cash loans for any watch brands mentioned above. Start by filling in the online form to get a FREE quote and an immediate cash loan. The process is safe, secure, quick, and convenient to ensure 100% customer satisfaction. As one of the leading pawnbrokers in London, the experts aim to offer your luxury watch the best possible loan value at the earliest.

Also Read: Top 5 Watches with the Greatest Pawn Value

Top 5 Watches with the Greatest Pawn Value

October 27th, 2021

For those who are unaware, Pawnbroking has been on the scene for a very long time. But it is equally true that recent years have seen a steady surge in the world of Pawnbroking. Wondering why?

Well, today, people are in search of ways to earn quick money or make a short-term investment. Therefore, what better than unlocking the monetary value of their assets like expensive watches, jewellery, or even fine art!

Top 5 Watches in 2021

The pawnbroker sign is primarily visible on the high street, and it signifies a place where the customers can quickly get collateral loans against their valuable items. When looking online to find a trustworthy place, you might come across numerous options. Multiple companies are promising to offer you the best prices in the market. But is it so?

Over the years, The Luxury Hut has established itself as an efficient and trustworthy name in the world of Pawnbroking. The experts offer loan against watches and jewellery at the best possible market value.

Also Read: The Real Facts to know about Pawnshop Loans

Why is Watch Pawning rising in popularity?

In current times, people have been more attracted to luxury watches. Be it for their beauty, functionality, or history; the watch industry has spotted a significant rise in popularity. Several investors are making quick money by selling and buying watches, mainly at the high-end auctions.

If you have a high-end watch, you have a source of collateral for drawing quick loans. When looking to raise funds, one of the most obvious questions is whether to sell or pawn. The choice you make depends on two key factors:

  • How much money do you need
  • How much sentimental value it holds

Hence, contemplating pawning or selling, you must make an informed decision.

Why Pawning could be the best option for you?

Top 5 reasons are:

1. Not a Traditional Sell

Try and think pawning your watch as a type of loan rather than a typical sell. When you bring your valuable product, for example, a watch, to a pawn shop, they will access the value of your item. However, it would be best if you took it to a genuine store to avoid complications.

With The Luxury Hut pawnbrokers in London, you can be rest assured to get the best competitive price. Moreover, they ensure to maintain a transparent way of conduct with the customer.

2. Earn It Back

Unlike a traditional sell, the item, in this case, is only temporarily held by the pawnshop. This means you can easily claim it back once your need is satisfied. The sooner you can repay the loan, the sooner you get the item back. Of course, you have to pay a minimal interest amount for a couple of months. But that is a much feasible option in comparison to the sentimental value it holds.

At the Luxury Hut, the interest rate varies from 4%-6% per month.

For instance, you borrow a loan of £6000 for 3 months

  • Total interest for 3 months -£900
  • Total repayment amount – £6900
  • Monthly Interest – 5.0%
  • APR 79.6%

Now, for instance, you borrowed a loan of £500 for 1 month

  • Total interest for 1 month – £30
  • Total repayment – £530
  • Monthly Interest – 6%
  • APR 101.22%

3. Receive Best Offers

One of the best reasons to visit a pawnbroker for pawning your watch is that you will receive a more competitive offer. The professionals access the value accurately. Moreover, since they are well-versed with the current secondhand market scenario, they will make you strong offers on your luxury watch.

4. No Financial Stress

Do you want to get into all the financial stress of loans and banks? If the answer is no, then you probably already know the next best option! Not just that, at The Luxury Hut, the pawnbrokers do not carry out any credit check before lending you the money.

You can quickly contact the expert pawnbrokers at The Luxury Hut where they have laid out a simple process to make the process easy flowing.

The 3 steps include:

  • Fill an online form
  • Receive INSTANT free quote
  • Free watch valuation

5. FCA (Financial Conduct Authority) Regulated

The pawnbrokers in London need to abide by the rules of conduct stated by the FCA. As per the rules, the customers who enter into a pawn loan agreement get entitled to a 14 days extended period. In this case, if they change their mind or deny the contract within 14 days, they are charged with no amount.

The Luxury Hut is regulated and authorised by the Financial Conduct Authority for pawnbroking.

Also Read: High Street Pawnbrokers: A Trusted Lifeline for Many Borrowers

Which watches pawn best?

Are you aware of the value of the classic watch which you might have just stashed away at your home? Well, there are some particular luxury watch brands whose value may be just more than just a beautiful item to store.

Below listed are Top 5 watches that are a valuable asset to use against pawn.

Rolex

When you think of the most popular and luxurious watch brand, many will automatically quote Rolex. Since they retain a large portion of their retail value, the pawnshops love to buy the Rolex watches. This means that it’s an added advantage if you have a Rolex watch.

Due to their high-quality manufacturing, expert craftsmanship, and stature, these expensive watches can act best to give you short-term security during financial needs. However, some specific models will reach a higher loan price than the rest, such as the Rolex Submariner, Rolex GMT, and Daytona. If you own a Rolex model in excellent condition, expect to receive a decent sum of the amount why you need it the most!

Audemars Piguet

If you were unsure whether or not you can pawn your valuable Audemars Piguet watch, be rest assured that the very name suggests class and incredible luxury. This luxurious watch brand tags itself as one of the biggest names in the watch industry. The older models of this brand are growing in popularity and demonstrate a notable ability to retain their worth. Hence, they make an excellent option for loans.

Guess what? Today more and more people are willing to borrow or buy the Audemars Piguet watches to raise quick cash. Also, some specific models indeed are more desirable than others. For instance, the Jules Audemars, Royal Oak, and Millenary collections are sure to be higher.

Cartier

When you think of a Cartier watch piece, you think of luxurious aesthetics, innovative watch engineering, and sophistication. A few older models are growing in popularity, especially those that are more difficult to come by. This is what makes them a popular asset for collateral in asset loans.

A few of the most notable Cartier brands with a higher impact on the market include the Santos, Tank, and Tonneau series. Moreover, the latest version of the Santos (Triple 100) released in 2008 is the first-ever Cartier with a rotating-dial mechanism.

Patek Philippe

If you ever consider pawning your Patek Philippe watch piece, look no further than The Luxury Hut. The watch experts are passionate about luxury collectables and will be happy to offer you the best possible price for any model in any condition. Also, they conduct no credit checks before lending the money.

Being considered one of the most collectable brands, the Patek Philippe is an attractive asset to pawn.

Some models that can fetch you a higher loan amount are:

  • Aquanaut
  • Calatrava
  • Complications (Ladies)
  • Gondolo
  • Grand Complications
  • Nautilus
  • Perpetual Calendars
  • Twenty~4 collection
  • World Times
  • Jaeger Lecoultre

Jaeger Lecoultre is one of the finest Swiss luxury watch manufacturers creating fine watch pieces since 1833. The watches are valuable for their quality and refinement. The brand’s reputation is cemented based on its accuracy and style. Some of the best running models of all time include:

  • Reverso
  • The Memovox
  • Master Compressor
  • The Master Ultra Thin
  • The Joaillerie 101 Manchette
  • Jaeger-LeCoultre Reverso

The watch experts at The Luxury Hut offer loans on Jaeger Lecoultre watches based on the item’s current market value. After conducting a quick inspection, the team will offer you a free instant quote.

You can also book an appointment by calling them 0207 242 9160 to visit their office in Hatton Garden, London.

Also Read: Why Choose Us as Your Trusted Pawnbrokers in London?

How much can you pawn your watch for?

Pawnshops are great. After all, they function as the reliable one-stop sources for quick cash. But how do you get the most money out of your valuable item? The answer varies depending on several factors, such as:

  • Age
  • Condition
  • Documents
  • Design

The pawnbrokers in London at Luxury Hut are specialists in assessing your classic timepiece. They carefully advise you on the various factors and determine the accurate value depending on the market trends. Of course, each luxury brand has its unique features and identity that influences the watch’s value. But with them, you can expect to get your desired loan amount.

Additionally, if you do not have the watch related papers and documents, do not worry, as the experts will still proceed with the cash loan.

At The Luxury Hut, the team appreciates the beauty and elegance of luxury watches. If you choose to pawn your watch with them online or via appointment, be ready to experience some of the key benefits like:

  • No credit checks
  • Competitive Cash Loan offer
  • Instant free quote
  • No hidden charges
  • Full Security and Confidentiality
  • No early retrieval fees

Also Read: Deal with the Leading Watch Shop in London to Buy, Sell & Pawn Luxury Watches

The Real Facts to know about Pawnshop Loans

October 7th, 2021

Pawnbroking is the oldest form of borrowing cash, and the evidence of its use dates back to more than 3,000 years ago. The process and idea are simple that worked well, and has stood the test of time. The Luxury Hut pawnbrokers London provides a simple, secure and hassle-free way to apply for a pawnshop loan. We always strive to ensure that the process is convenient as possible.

pawnshop loan

Are you thinking to apply for a pawn loan? Is it the first time? Then, you will surely have many questions about what a pawnshop loan is, how it works, what you need to have to get it, and more. So we have put together some commonly asked questions on pawnbroking to help you by taking you through all the basics.

What is a pledge?

A ‘pledge’ refers to any item of value that you used as security – also referred to as collateral -against a pawnbroking loan. It can be a luxury watch, gold, diamond jewellery, a car and more.

In pawnbroking, the concept of a pledge is that its value will be enough to cover the loan amount, interest or any cost outstanding in case the customer do not repay the loan for any reason.

When you repay the loan after the loan term ends, you will get back your pledge.

What is a pawnshop loan?

Pawnbroking is a quick, easy and secure way to borrow money against an item of value that you own. At The Luxury Hut, we lend against high-end luxury watches, diamond and gold jewellery or any gold item.

The loan amount you are likely to secure depends solely on the value of your collateral. Pawnbrokers will not check your credit score or how much you earn.

The maximum loan term is usually six to seven months. However, you can pay off the loan any time during your loan tenure and redeem your asset.

loan against rolex watch

What items can you pawn?

You can pawn virtually any item of value. However, the things accepted as collateral for a pawn loan typically vary from one pawnbroker to another.

At The Luxury Hut, you can secure a loan against luxury watches, diamond jewellery, loose diamonds and gold (jewellery, scrap gold or any gold item).

What are the benefits of pawnbroking?

Opting for a pawn loan is always a better choice than getting a personal loan. Why? Here are some of the significant advantages:

  • Get instant cash

A pawn loan gives you access to cash instantly, unlike other loan types that usually take a couple of weeks to approve. You will only need an item of value to keep as security.

At The Luxury Hut, we will appraise your asset and offer you a cash loan, even if your credit score is poor. Accept our offer and get paid on the spot.

  • Minimal paperwork

Unlike banks or any financial institutions, a pawnshop loan requires minimal paperwork for approval. Here at The Luxury Hut, we only ask for valid proof of identification to get into the agreement. And after you accept our loan offer, you will have to sign a pledge receipt that outlines your loan terms. That’s it.

From visiting our pawn shop in London, getting a quote, to walking out with your cash, the entire pawnbroking process may take as little as an hour to complete.

  • No credit checks

Pawnbrokers do not check credit score or how much you earn before approving a loan. As long as you have a precious item to use as collateral, you can opt for a pawnshop loan.

  • Retain your asset’s ownership

Pawnbroking allows you to retain ownership of your asset, and it significantly matters if you have a strong emotional attachment with the item.

What is the best time to pawn assets?

Whenever you need to secure some fast cash or in short-term financial needs, you can choose to unlock the value of your asset by getting a pawn loan. You can get a pawn loan and cash in your hand within a few minutes.

As we mentioned earlier, pawnbroking allows you to instantly borrow the money you need against a precious item without any credit check.

Moreover, you do not also have to go through a lengthy application process to get the loan. The asset you keep as security will determine the amount you can borrow from the pawnbrokers in London at The Luxury Hut.

loan against jewellery

How much does a pawnbroking loan cost?

Our interest rates vary from 4% – 6% per month. Take a look at the representative example given below –

Representative Example 1: Loan of £6000 borrowed for three months

Total interest for three months – £900

  • Total repayment – £6900
  • Monthly interest – 5.0%
  • APR 79.6%

Representative Example 2: Loan of £500 borrowed for one month

  • Total interest for one month – £30
  • Total repayment – £530
  • Monthly interest – 6%
  • APR 101.22%

How much can you borrow against a pledge?

The amount you can borrow and that we are willing to lend will depend on the value of your collateral. However, the minimum amount of cash loan you can borrow from The Luxury Hut pawnbrokers London is £300.

Fill in our online form providing all details on your asset. We will contact you immediately with a loan quote via phone or email. Alternatively, you can call us on 0207 242 9160 now for an instant valuation over the phone.

What is the maximum loan term?

At The Luxury Hut, the maximum term for a pawnbroking loan is seven months.

When can I redeem my asset?

You can retrieve your collateral at any time during your loan term, provided you pay off the entire loan amount and the interest due. We do not charge any early retrieval fees.

Will my item be safe while in pawn?

Yes. We will store your asset securely in our safe until you come back to repay your loan in full and collect it.

What if I cannot afford to redeem my asset? Will it affect my credit score?

If you cannot repay and collect your pledge within the agreed time for any reason, we can offer you a choice to renew your loan. This means we can extend your loan agreement for seven months for another seven months. You only have to pay the interest due at the end of the contract. And this will not affect your credit score.

However, it is recommended to repay and redeem your asset within the agreed loan term.

Are pawnbrokers regulated?

Yes. The Luxury Hut pawnbrokers in London are regulated by the Financial Conduct Authority (FCA). Thus, we abide by the applicable rules and guidelines issued by the FCA for pawnbroking. We are also a part of National Pawnbrokers Association (NPA).

For any further questions or concerns, you can contact us on 0207 242 9160.

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.

How to Pawn my Luxury Watch?

January 15th, 2020

When it comes to raising instant cash for your watch, two of the common and more convenient options are to sell your watch or pawn your luxury watches.

A luxury watch works more than a mere time-telling device that typically retains a higher resale value with time. Now:

Whether you want to pawn your watch or sell it outjustify, the choice will significantly depend on how much emotional value your asset holds or how much you wish to raise.

pawn my luxury watch

Does your watch hold much sentimental value? Are you looking for a short-term credit option?

If yes, then deciding on to pawn your watch and getting a secure collateral loan from any trusted pawnbrokers in London or anywhere in the UK is ideally a more viable option for you.

Your pawnbroker will hold your luxury asset temporarily. Once you pay back the original loan amount and the interest due, you will get back your item.

So, the first question that may come to your mind is “where can I pawn my watch?”

pawn your watch

The Luxury Hut offers a quick and secure way to pawn a luxury watch and get an instant cash loan.

We provide loan against watches of elite brands like Rolex, Omega, Breitling, Audemars Piguet and many others.

A few advantages to pawning your timepiece at a high-end pawn shop watches like The Luxury Hut, include:

  • Instant Free Valuation
  • A fair and competitive cash loan offer
  • No obligations or credit checks
  • A quick, straightforward and transparent loan process
  • Complete security of your watch
  • No early redemption fees.

Pawning a watch with the professional pawnbrokers at The Luxury Hut is simple, secure, and straightforward.

  • Fill up our online form – providing all the details of your luxury watch as much as possible, including its brand, model, age, condition, and box and papers.
  • More significantly, attach high-resolution pictures of your asset.
  • Get a free valuation shortly
  • We will determine your watch’s value based on its current market price and all essential aspects.
  • Send us your watch for a more detailed assessment via a specialised and insured delivery envelope that we may arrange for you.
  • Or call us on 0207 242 9160 to book an appointment and visit our office in Hatton Garden, London with your watch.
  • Accept our final offer and sign the pledge receipt
  • Get paid INSTANTLY.

pawnbroking loan

The maximum loan tenure is usually six to seven months. You will not have to pay any monthly charges until the contract ends.

We charge only the interest for the loan months you borrow for. For example, if you borrow cash for one month, you will have to pay interest at the end of month one when retrieving your asset and so on.

However, customers can pay off the loan any time within the contract period, paying back the loan amount along with its interest due.

You can rest assured that your collateral will be stored safely in our secure vaults within the contractual period.

Moreover, The Luxury Hut typically provides 14days cooling off time after a loan term expires. Customers have to draw out the agreement within this time, paying the interest for the loan term.

However, if you fail to redeem your collateral within this time, we may also help you to renew your loan, getting you a new contract.

Thus, pawn luxury watches with us at The Luxury Hut with full confidence.

Call us now on 0207 242 9160 for an immediate appraisal over the phone. Or fill up our online form today and get the most competitive quote for your luxury watch.

© 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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