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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!
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
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:
Hence, contemplating pawning or selling, you must make an informed decision.
Top 5 reasons are:
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.
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
Now, for instance, you borrowed a loan of £500 for 1 month
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.
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:
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.
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.
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!
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.
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.
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:
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:
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.
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:
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:
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.
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 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.
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.
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.
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.
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.
The pawnbroking research conducted by The National Pawnbrokers Association (NPA) details the findings given below –
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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:
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.
If you want to pawn your watch quickly for the best price, follow the steps given below:
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.
© 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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