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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.
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!
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.
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.
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.
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.
Start by filling in an online form by providing as many details as possible.
The experts will offer a FREE loan quote for your item.
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.
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.
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.
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’
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.
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.
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.
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.
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).
Opting for a pawn loan is always a better choice than getting a personal loan. Why? Here are some of the significant advantages:
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.
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.
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.
Pawnbroking allows you to retain ownership of your asset, and it significantly matters if you have a strong emotional attachment with the item.
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.
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
Representative Example 2: Loan of £500 borrowed for one month
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.
At The Luxury Hut, the maximum term for a pawnbroking loan is seven months.
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.
Yes. We will store your asset securely in our safe until you come back to repay your loan in full and collect it.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Since February 2020, the price of 24ct Gold has ramped up to nearly £1,416 per ounce from £1,282 per ounce.
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.
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:
Thus, at a time when you may need access to fast cash to meet your short-term financial needs, you can decide to turn your old gold jewellery into cash.
However, like many others, you might choose to scrap your beautiful jewellery piece just because the current scrap gold price is steep.
But rather than scrapping your gold item, you could opt for a pawnbroking loan against it.
Pawn your Gold
Pawning your gold jewellery with trusted pawnbrokers like at The Luxury Hut is ideally the best choice, especially if it has an emotional value attached with it.
The maximum tenure of a pawn loan is usually six to seven months. Once you pay off the original loan amount and its interest due, you can retrieve your exquisite asset and enjoy wearing it or use it as collateral again if needed.
Whether it is a gold ring, necklace or any other assets of Gold, secure a short-term pawn loan against your gold item today and raise instant cash.
Rest assured that your gold item will fetch you a premium right now than ever.
And with trusted pawnbrokers in London at The Luxury Hut, you will receive the highest possible cash loan offer against your precious metal instantly.
Here at The Luxury Hut, our expert evaluators continually keep track of the current market condition and prices.
We pride in ourselves for offering seamless customer service and hassle-free way to secure a loan against luxury watches, diamond and gold jewellery.
We will determine an accurate price of your gold item, considering its most updated value on the day of the appraisal.
Thus, fill up our simple online form and get a free competitive loan quote immediately.
Or call us on 0207 242 9160 to book an appointment at our office in Hatton Garden, London.
© 2022 The Luxury Hut is a trading name of Golden Cash Limited. Authorised and regulated by The Financial Conduct Authority for pawnbroking. Registered in England as Golden Cash Limited. Registered Number is 07309335. Registered office address: Treviot House, 186-192 High Road, IIford, Essex, IG1 1LR.
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