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

Tag: loan against gold

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 Impact of Covid-19 on Gold Price

July 13th, 2020

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

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

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

the impact of covid-19 on gold price

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

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

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

The Surge in the Gold Price

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

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

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

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

Spot vs Scrap Gold Price

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

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

The fact is:

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

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

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

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

Pawn your Gold

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

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

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

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

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

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

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

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

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

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

© 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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