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

Category: Pawnbroking

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.

Why Choose Us as Your Trusted Pawnbrokers in London?

June 1st, 2021

Have you run out of money? Need some fast cash? No worries, you can get the amount of money you need within minutes by getting in touch with the trusted pawnbrokers in London at The Luxury Hut.

In difficult or uncertain times, like the current pandemic situation, you may need some fast cash to pay off your electric bills, medical bills or maybe for any other reasons. And in a financially dire situation, pawning your precious asset is ideally the best choice that you can make.

pawnshop london

The Luxury Hut pawn shop London offers a quick and secure way to pawn luxury assets & get instant cash. We lend against luxury watches, diamond jewellery and gold. With our expert evaluators always on hand, we ensure to make the pawnbroking process more convenient than ever.

So what are the advantages of choosing us as your trusted pawnbrokers? Continue reading below to find it out.

Fast & simple way

With trusted pawnbrokers London at The Luxury Hut, you can obtain a cash loan within a few hours. To begin the process, all you have to do is fill in our simple online form. Provide us with all the details of the item you want to use as collateral for your pawn loan. Or you can call us on 0207 242 9160 straight.

We will evaluate your item based on the details provided and give you a free competitive loan quote. If you are happy with it, send us your asset or visit our office in Hatton Garden London via appointment.

We will make you our final cash loan offer. Accept it, sign a pledge receipt, and we will pay you immediately via bank transfer or any other preferred method of payment. The entire process requires much less paperwork.

Whether you pawn your asset online or via appointment, the process may take as little as a few hours to complete.

No credit checks, no obligations

We do not carry out any credit check before lending money against your collateral, nor we have any other obligations to get a pawn loan.

Get a loan against your Rolex watch or any diamond or gold jewellery without any hassle. We will offer you the highest possible amount of cash loan, based on your collateral’s age, condition, current market price and a few other essential factors.

You may only need to provide us with proof of ID to get into the transaction. However, another significant factor that makes The Luxury Hut the best choice as the most trusted pawnbrokers in London is –

Unlike other pawnbrokers, we do not charge set-up fees for any assets pawned with us.

Get a contact-free home collection

At The Luxury Hut, we always strive to make the pawnbroking process straightforward and hassle-free as much as possible. We provide a contact-free home collection to all our customers.

You can send your asset(s) to us from the comfort of your home or anywhere using our contact-free home collection and a fully insured shipping label.

This means that pawning your luxury watch/jewellery online and securing extra cash is now more convenient than ever.

Retrieve your collateral anytime

The maximum pawn loan tenure is six to seven months. However, you can redeem your item(s) any time before your loan term ends by paying off the original loan amount and the interest due up to that day. We do not charge any early retrieval fees.

Want to know more about our interest rates or how our loan process works? Call us on 0207 242 9160 now, and we will be happy to answer any queries you have on pawning your asset with us.

Or, if you want to get a quote for a loan against watches or jewellery, fill in our simple online form today.

The Iconic Datejust: Is this Rolex a Good Investment?

March 25th, 2021

The Datejust is one of the cornerstones and longest-running watches in Rolex’s catalogue. Since its inception in 1945, the Datejust has appealed to global collectors with its classic everyday-go-to design and aesthetics. Today, this revolutionary model is available in different case sizes, bracelet options and materials.

Rolex designed the first waterproof case in 1926 and the innovative perpetual movement in 1931. The interesting fact is that Rolex furnished the iconic Datejust with all these ingenious features and added date functionality. All these factors eventually contributed to the incredible success and desirability that Datejust enjoys today both in the retail and pre-owned market.

rolex datejust

So is the Rolex Datejust a good investment? Continue reading below to determine whether or not this Rolex watch is a good investment and some common questions related to the Datejust.

However, if you are looking to get a loan against a Rolex watch, get in touch with the trusted pawnbrokers online at The Luxury Hut. Fill up a simple online form and receive a free competitive loan quote.

Why is the Rolex Datejust so famous?

It’s no secret that Rolex Datejust is one of the most famous models in the world. Its timeless design has sustained more than half a century being on the trend. And it is continuing to accompany and complement the wrists of men and women globally today.

However, this iconic watch is considered the archetype of all other Rolex watches.

  • It has inspired several other Rolex’s designs and styles.
  • The Datejust is a perfect everyday timepiece, an all-rounder.
  • It carries a unique look and has enough options (metals, dials and bracelets) to complement every distinctive taste.

Moreover, besides sporting a timeless, fashionable design, the watch ensures complete accuracy running on Chronometer-certified movements. And you cannot miss considering Datejust’s glorious history when looking for the reasons behind its unrivalled popularity.

Whatever model you choose, vintage or modern, the Rolex Datejust looks excellent. It has graced the wrists of many great and famous personalities, including Winston Churchill and Paul Newman.

Is the Rolex Datejust worthy of investing?

The straightforward answer to the common question ‘is the Rolex Datejust a good investment’ is – yes.

Virtually all Rolex watches hold their value well with time. The brand’s acclaimed legacy, exclusivity paired with top-notch quality ensures that a Rolex watch will stand the test of time in style, precision and performance. And the Datejust is no exception.

Rolex continues to produce the Datejust to date, and it yet enjoys fame as one of the most successful Rolex watches. The watch is expected to remain a popular choice among collectors worldwide in the coming days, years and even decades from now.

Moreover, the vintage Datejust watches are yet in trend. Potential watch buyers and collectors are often willing to pay top prices for older Datejust models with appealing history and character. Together with the enduring design, all these aspects enable the Rolex Datejust to hold its value for the long-term.

Will the Datejust increase in value?

The Rolex Datejust has increased in value by over 200% between 1994 and 2016. The average growth has been nearly 4.6% each year over the past 10years.

Considering the huge demand for Rolex watches across the world, you can be pretty sure that this trend will continue. Rolex seems to be heading towards taking over a higher price point in the luxury watch industry.

Thus, those who are looking to invest in a Rolex Datejust can proceed with confidence. However, while Rolex watches retain good value with time, they can serve as an excellent asset to use as collateral for a pawn loan.

So if you want to raise instant cash and own a Rolex watch, get a loan against your watch from the professional online pawnbrokers at The Luxury Hut. We lend against all Rolex watches.

Fill up our online form and get a free quote for a loan against Rolex. Or call on 0207 242 9160. We do not carry out any credit checks and pay immediately via bank transfer. Rest assured, you will secure the highest possible amount of cash loan against your luxury watch.

NPA Declared the Results of Pawnbroking Research 2020

August 20th, 2020

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.

Pawnbroking Research

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 pawnbroking 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 9160 to book an appointment at our office in Hatton Garden, London.

How to Pawn your Asset in London?

May 5th, 2020

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.

how to pawn your asset in london

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 your asset 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 your asset like 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.

 

pawnbrokers online

How does our pawnbroking process work?

The Luxury Hut offers a quick, secure and straightforward way to pawn your asset 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 0207 242 9160 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 0207 242 9160 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

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 asset including 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 0207 242 9160 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

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.

london pawnbrokers

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 9160 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

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.

jewellery pawnbrokers

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.

loan against 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 when you pawn your jewellery

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 a 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 to pawn a jewellery

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 9160 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

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!

Pawnbrokers Jewellery

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

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