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NPA Declared the Results of Pawnbroking Research 2020

August 20th, 2020
Pawnbroking Research

The National Pawnbrokers Association (NPA) works to render independent pawnbrokers all over the nation the perfect resources and implements to consolidate the pawn industry. The members of NPA operate to amplify and develop the professional and pragmatic image of all pawnbrokers.

With that in mind, The National Pawnbrokers Association has authorised a significant independent research project that focuses on the experiences of pawnbroking customers.

The University of Bristol Personal Finance Research Centre undertook the research that obtained perceptions of customers’ views and their personal experiences.

However, the research included 1,669 pawnbroking customers from all across the nation and analysis were made based on the management information from 85,000 loans.

So What Were The Key Findings?

The research conducted by The National Pawnbrokers Association (NPA) details the findings given below –

  • Two-thirds of the customers in the survey were women, and they were under 54 years of age.
  • While 62% of the customers retrieved their loan, 24% renewed, and 14% penance their pawn loan.
  • Out of the total 1,699 pawnbroking customers, 92% regarded that renewing the loan is a significant benefit of pawnbroking, and the potential to renew is essential.
  • More than 90% of the surveyed customers were satisfied with the pawnbroking services.

Pawnbroking was considered as a high-cost option by just 5% of customers.

Out of ten customers, six of them said that they needed the pawn loan for their living expenses.

Customers opted for pawnbroking loans because of its speed, simplicity and convenience.

£243 is the mean average amount of credit, and it mostly lends against gold jewellery items.

More than 90% of customers were satisfied with the pawnbroking loans.

Thus, the findings show that most of the customers are familiar with the way the process of pawnbroking works. They are aware of the convenience of the pawn loans and delighted with its flexibilities.

Moreover, maximum customers redeem their collateral by paying off the loan amount on time. Many people also consider the process of renewing the pawn loan as one of the significant benefits of pawnbroking.

Interestingly, many customers did not consider the cost to be a matter of concern.

Ray Perry, NPA Chief Executive, said –

“We are delighted with the extremely high level of customer satisfaction and the value they see in the service provided, and we are pleased renewals are considered extremely important in supporting customer needs. We believe pawnbrokers are well placed and well equipped to continue to help customers as we start to move on from lockdown and the impact of Covid-19 on households.”

Indeed, pawnbroking is ideally the best way to raise instant cash without having to sell your precious asset outright. More and more people today are turning to pawnbrokers to get access to fast cash and meet their short-term financial needs.

Thus, trusted pawnbrokers like at The Luxury Hut are always working to make the pawning process more convenient than ever.

If you are looking to raise instant cash, get in touch with The Luxury Hut pawnbrokers in London.

Pawn Your Luxury Watch & Jewellery

With a secure online platform and an office in Hatton Garden, London, we provide our customers with a quick and secure way to get a loan against luxury watches, diamond and gold jewellery.

Moreover, as the trusted pawnbrokers in London, we aim to provide the highest amount of cash loan against the assets that customers want to pawn with us.

Thus, fill up our online form to get a free loan quote. Or call us on 0207 242 5411 to book an appointment at our office in Hatton Garden, London.

How to Pawn your Asset in London?

May 5th, 2020
how to pawn your asset in london

It is natural or maybe, a common fact that every individual needs fast cash at one time or another.

Whether you want to invest in an asset or to pay off your electric bills, you may run out of money.

In such a hard-up situation, ideally, the easiest way is to consider pawning any luxury asset with a trusted pawnbroker and borrow against it.

The Luxury Hut pawnbrokers in London have many years of experience in the pawnbroking industry.

pawn your watch

When it comes to getting a competitive cash loan offer against a luxury watch, diamond or gold jewellery, we are the only name to trust.

We work with some of the most professional evaluators in the UK. They can determine an accurate price of any luxury watches and precious jewellery that customers want to pawn with us.

However, as one of the most trusted pawnbrokers in London, we always strive to make the pawnbroking process more convenient than it has been ever.

Thus, pawn your luxury watch or jewellery with us today and raise instant cash without any obligation.

What Items Can I Pawn?

The assets that are considered as collateral for a pawn loan vary from one pawnbroker to another.

With The Luxury Hut pawnbrokers London, you can pawn luxury watches, diamond and gold jewellery.

Our expert evaluators have years of experience and knowledge in the pre-owned luxury watches and jewellery industry.

We continually keep track of the changing market prices, be it is of a precious metal like gold or luxury watch like Rolex.

Thus, you are likely to receive the most updated and fair amount of credit loan against your luxury watch or any precious jewellery piece.

Moreover, you can pawn more than one item at a time with us at The Luxury Hut.

 

pawn your watch

How does our pawnbroking process work?

The Luxury Hut offers a quick, secure and straightforward way to pawn luxury assets and raise instant cash.

You can choose to pawn your Rolex watch or a diamond ring online in London or via appointment from anywhere in the UK.

Regardless, we will make the process smooth and hassle-free for you.

  • Fill up our online form with all details of your asset.
  • Receive a free valuation
  • Send your asset to us via a specialised and insured delivery envelope that we may arrange for you.
  • Or call us on 0791 747 2203 to book an appointment and visit our office in Hatton Garden, London with your asset.
  • Receive your final cash loan offer
  • Accept it, sign the pledge receipt & get paid immediately.

However, you only have to provide us with valid proof of ID to enter the agreement.

The maximum tenure of a pawnbroking loan is typically six to seven months. Once your loan term ends, you can redeem your collateral paying off the original loan amount and the interest due.

You do not have to pay any monthly charges. Moreover, you can also retrieve your asset anytime within your contractual period without paying any early redemption charges.

How Much Can I Borrow?

The Luxury Hut pawnbrokers London assess every item precisely and determine an accurate price of it.

However, we take into consideration many factors when determining how much your asset is worth.

The factors include condition, age, brand, metal, gemstone (if any), rarity, box and papers (if any), and also current market price.

The condition is one of the most significant factors that we consider while deciding on the final cash loan amount that we are willing to lend on the collateral.

If your asset is in good condition, it is likely to fetch you a higher value.

Thus, experts recommend taking care of a luxury watch or any kind of precious jewellery to maintain its condition.

pawn your jewellery

However, the best way to know how much you can borrow against your asset is by – filling up our online form. You will receive a free no-obligation quote immediately via phone or email.

The Luxury Hut pawnbrokers in London aim to beat any high street pawnbroking rate.

Or call us on 0791 747 2203 for an instant appraisal over the phone or to book an appointment.

Pawn your Luxury Asset for Instant Cash – The Luxury Hut Pawnbrokers

April 21st, 2020
pawn your luxury asset for instant cash the luxury hut pawnbrokers london

The Luxury Hut pawnbrokers in London provide you with a secure and hassle-free way to pawn luxury asset(s) and raise instant cash. With expert evaluators always on hand, we work to make the pawnbroking process simpler and straightforward than ever.

Pawn your luxury watch, diamond or gold jewellery and get the highest possible amount of credit loan without any obligation or hassle.

However, we determine an accurate value of any luxury watch or jewellery, considering many essential factors like its condition, age or brand and the current market price.

Pawnbrokers in london

Fill up our online form today and get a free valuation shortly. Or, call us at 0791 747 2203 for an immediate appraisal over the phone or to book an appointment at our office in Hatton Garden, London.

How can I Pawn My Watch to a Trusted Pawnbrokers in London?

February 27th, 2020
london pawnbrokers

When looking to raise instant cash, one of the ideal choices is to pawn valuable assets like your luxury watch and get a loan against it.

Once you bring in your luxury watch to a pawnshop, the pawnbroker will assess your asset’s value.

Your pawnbroker will determine the final cash loan amount that he/she is willing to offer based on your asset’s current pre-owned market value, and make you an offer.

The maximum tenure of a pawnbroking loan is six to seven months. The pawnshop then keeps your collateral temporarily.

As soon as you repay the original loan amount with its interest due, you can retrieve your asset without any hassle.

Thus, whether you are looking for a short-term credit option or your watch holds high sentimental value, pawning your watch is ideally the most viable option.

pawn your watch

Pawn your watch with trusted pawnbrokers in London

Trustworthy pawnbrokers in London like at The Luxury Hut offer a secure and straightforward way to pawn watches both online or via appointment.

Our expert team of watch evaluators can precisely assess the value of any luxury watch that customers want to pawn.

However, we take into consideration many significant factors like the watch’s brand, model, age, condition, and also the current pre-owned market price while determining the final amount of credit loan that you can borrow from us.

The Luxury Hut London pawnbrokers have the necessary expertise to make competitive offers on your timepiece. The fact is:

We aim to beat any high street pawnbroking loan rate.

Whether you choose to pawn your watch with us online or via appointment, you will enjoy benefits like:

  • Instant free valuation
  • No credit credits
  • Fair and a competitive cash loan offer
  • No additional or hidden charges
  • Complete security of your watch within the contract period
  • No early retrieval fees.

Thus, you can pawn your luxury watch with us at The Luxury Hut with full confidence.

Begin the process by filling up our online form now and receive your free price quote.

Or call us on 0207 242 5411 for an instant appraisal over the phone or to book an appointment at our Hatton Garden office in London.

pawn rolex watch

How to pawn my used watch?

If you want to pawn your watch quickly for the best price, follow the steps given below:

  • First, find your watch’s original box and papers. Although they add to the value of a timepiece, you can still pawn without them.
  • If you retain the original documents, you can ascertain your watch’s brand, model as well as the serial number.
  • High-resolution pictures of your watch are essential as they will help your pawnbroker to ascertain its condition. Thus, try to take photographs of good quality from different angles.

Now:

Fill up the online form, providing all details of your watch as much as you can and attach its high-quality pictures. You will get your initial price quote shortly.

For getting the final price, you can send your watch to us via a specialised and insured delivery envelope that we may arrange for you.

Or call us to book an appointment and visit our office in Hatton Garden, London with your watch.

We will make you our final cash loan offer on the spot or usually on the same day we receive your asset. Accept it, sign your pledge receipt and get paid within minutes via your preferred method of payment.

The entire process is quick, secure, and hassle-free. From filling up the form to getting paid, it may take as little as two days to complete the transaction.

How to Pawn your Jewellery?

February 20th, 2020
pawn jewellery london

When it comes to raising instant cash, fine jewellery is one of the most common assets used to generate funds. If you want a quick loan, pawning your jewellery might be the best option for you.

The significant advantage of pawning jewellery and diamonds is that you can get your asset back.

Pawnbrokers provide short-term cash loan to help you in meeting small financial needs without having to sell your precious asset outright. Once you pay back the loan amount and the interest due within time, you can retrieve your item without any hassle.

pawn your jewellery

However, trustworthy pawnbrokers in London or other big cities are working to make the process of pawnbroking simpler and more convenient.

Thus, it is today easier than ever to pawn your jewellery securely and quickly, be it is a diamond ring or a gold necklace. Now:

If you are ready to get a loan against your diamond ring or any other precious jewellery item, you may wonder:

Where can I pawn my jewellery? And how much will a pawn shop lend me for my diamond ring?

Continue reading as we will delineate the steps to follow while pawning jewellery.

Gather all the details of your jewellery piece

When you are prepared to obtain a loan against your jewellery, the first step would be to understand what you possess.

What kind of metal your jewellery is made of? Is it of gold or platinum?

Are there diamonds or gemstones? If yes, what is the carat weight?

Usually, the higher the diamond carat weight and metal weight, the more valuable it is.

However, many other factors influence the value of diamonds and gemstones.

Ideally, you can find all the details of your jewellery from the documents that came along with it during purchase.

Documents can include the original receipt, authenticity cards, GIA report or any gemological lab certification.

pawn my jewellery

However, if you don’t retain the documents or any paperwork, no problem.

You can yet decide to use your precious jewellery item as collateral for a pawn loan with full confidence.

Trusted pawnbrokers in London like at The Luxury Hut will appraise your asset. They will determine an accurate value, considering all essential aspects and current market prices, and make you a competitive cash loan offer.

Choose trusted pawnbrokers

When deciding where to pawn your jewellery, you will find many jewellery pawnbrokers near you or all over the UK.

But it is essential to choose a professional and trustworthy pawnbroker to ensure you are getting the best credit loan offer for your asset.

The Luxury Hut jewellery pawnbrokers in London offer a secure and straightforward way to pawn jewellery and obtain an instant cash loan.

With expert evaluators always on hand, we at The Luxury Hut assess a jewellery item precisely and determine its accurate value.

Get a quote

If you are wondering how much can a pawn shop pay for your jewellery, fill up this online form now and get a free valuation.

With professional and trusted jewellery pawnbrokers like at The Luxury Hut, you will obtain an honest and competitive quote for your asset.

However, you can pawn your jewellery with The Luxury Hut online or via appointment.

 Hatton Garden pawnbrokers

Our team of expert evaluators are always on hand to evaluate any jewellery item, gold, diamonds or any other gemstone.

We continuously keep track of the changing market prices, including prices of precious metals like gold and determine an asset’s value considering its market price on the day of pawning.

Thus, you are likely to secure the most competitive cash loan offer when pawning your jewellery with us.

Receive your final cash loan offer & get paid

If you are satisfied with your initial price quote, you can:

Send your asset to us via a specialised and insured delivery envelope that we may arrange for you

Or call us on 0207 242 5411 to book an appointment at our Hatton Garden office in London.

pawn diamond jewellery

You will receive your final cash loan offer that we are willing to lend via email or phone, or on the spot (in case of appointment).

Once you accept the offer and sign the pledge receipt, we will pay you immediately.

The Luxury Hut Pawnbrokers Review

May 25th, 2018
Pawnbrokers Jewellery

Perhaps you found yourself in need of some additional cash for whatever purpose. You don’t have a good credit and you cannot get a bank loan. You can try to sell some of your jewelry. But there are complications. You may ask “How do I sell my watch? How do I sell my ring? How do I sell my necklace?” We understand that not everyone knows how to do that. We understand that you care about your own possessions. You don’t want to get scammed into giving them away without receiving even a single penny. So, why not consider loaning them for some quick money? Yes, that service exists!

The Luxury Hut Pawnbrokers in Hatton Garden, is one of the most trusted pawnbrokers in London. You see, all that you need to do is to give their valuators a call, and they will access your valuable and provide an offer for it. It is that simple.

You may then accept the offer and you will get cash instantly. You have a wide variety of choices of payments to choose from. You can get your money in cash, through a bank transfer or by other methods. It is entirely up to your arrangement for your own convenience.

What is best about Luxury Hut Pawnbrokers is the fact that there is no monthly payment. You only need to pay at the end of the loan term. If you have enough money, you can even redeem the loan early by simply paying the loan amount and the interest due. Plus, there is no early exit fee or redemption fee with Luxury Hut Pawnbrokers. There are no credit checks done, so you don’t have to worry if you have a bad credit. Still, to ensure credibility, you still need a proof of ID before you can enter into a contract with The Luxury Hut Pawnbrokers.

© 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.
Designed and Developed by The Luxury Hut. All Rights Reserved 2018

covid-19 update

Following the latest government guidelines, we have changed some of our working practices to ensure safety and good health of our staffs and customers. Our online shop is open for business as usual, and our delivery process will cause no inconvenience. All viewings, selling and pawnbroking, can be done by Appointment only. For any enquiries, contact us via WhatsApp.