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.
© 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