Pawn My Handbag
Pawn Designer Handbags in London & Online
We offer short term loans to pawn handbags. Highly desirable iconic handbags, such as the Hermès Birkin, can be used as collateral for a handbag loan. Get in touch to receive a quote.
Why choose us
Fast
Receive money in as little as an hour.
Expert
Trusted pawnbroker and jeweller for over 250 years.
Competitive
Accurate valuations and competitive loan rates.
Confidential
Discreet service with no credit checks.
Fast
Receive money in as little as an hour.
Expert
Trusted pawnbroker and jeweller for over 250 years.
Competitive
Accurate valuations and competitive loan rates.
Confidential
Discreet service with no credit checks.
Get a Free Quote NOW
0800 038 9839A FAST AND SIMPLE PROCESS
Contact us
Get in touch with us online,
in-store or by phone.
Accept Offer
RECEIVE YOUR OFFER FROM OUR
SPECIALISTS IN AS LITTLE AS 1 HOUR.
RECEIVE MONEY
ACCEPT THE AGREEMENT AND RECEIVE
THE MONEY VIA SAME-DAY BANK TRANSFER.
GETTING YOUR HANDBAG TO US
WE OFFER SEVERAL OPTIONS:
IN-STORE
Bring your handbag(s) into one of our London stores today. You are welcome to book an appointment with our expert appraisers and they will be ready to meet you when you arrive.
COURIER SERVICE
Use our free insured Special Delivery courier service to send your handbag(s) to us, or we can send our courier to you to collect your handbag(s). Receive money in 24 – 48 hours from your home.
STAFF COLLECTION
Have your high-value handbag(s) collected by one of our staff members at a convenient time and place for you.
HOME VISIT
For high-value handbag(s), our specialists can come to you to value your luxury assets.
Valuing Your Handbag
Handbags aren’t always bought to be used. Considered to be masterpieces in both design and craftsmanship, our specialists know their Hermes from their Chanel and will offer a valuation accordingly. The four most important factors for handbag valuation are:
BRAND AND MODEL
The brand behind your bag can be incredibly important to its valuation and the model can drive the price up even higher. The handbag market is active, with different models considered to be iconic. Brands, such as Hermes and Chanel, perform consistently well, while other brands, like Gucci, depend on the current market.
ORIGIN AND PROOF OF PURCHASE
How a handbag is presented to our experts can dramatically affect its valuation. A handbag that comes complete with its original packaging, dust cover, and its certificate receipt will help support the valuation. Including any add-ons that came with the bag – locks, keys, accessories – can increase the value of the handbag.
CONDITION
We see many handbags in mint condition, still in their wrappings. Others come with small scratches and evidence of wear and tear. However, handbags that have been used can still deliver a sound valuation, but this can depend on the brand.
MATERIAL
The material that a handbag is made from is just as important as the craftsmanship that goes into to each bag. Leather bags normally attract a higher valuation price than fabric or man-made material. Bags of the same model from the same brand, simply made from different materials, can have very different valuations.
Security and Care
LOOKING AFTER YOUR HANDBAG
TRANSPORT
If you use our courier service to have your handbag(s) collected from your home or you send your items to us, they will be insured up to £20,000 during transportation.
If your handbag(s) is of high value you use our staff collection service, it will be insured up to £100,000 during transportation.
STORAGE
Whilst your handbag(s) is with us to be valued by our specialists or if your handbag(s) is under loan with us, it is stored in protective packaging in our highly secure vaults.
CARE
When your handbag(s) is with us, we take every step necessary to look after it. Our valuation specialists and inventory managers handle your handbag(s) with care to make sure your luxury valuables are returned to you in the same condition we received them in.
FREQUENTLY ASKED QUESTIONS
Can you pawn designer handbags?
We accept preowned designer handbags as well as bags that are still in their brand wrappings. We will assess your bag for signs of wear and tear and offer a valuation accordingly. A rare, preloved handbag could receive a higher valuation than a less sought-after model in mint condition.
Can I pawn my Hermès bag?
Yes, you can pawn Hermès bags. Hermès handbags have always had a high resale value, which helps when securing a pawn loan. The model is important to the valuation, with a Hermès Himalaya Birkin securing over £200,000 at auction. Our experts watch the market very carefully, and this is reflected in your valuation.
How much do pawn shops pay for designer handbags?
The value of how much a pawn shop will lend on a luxury handbag will vary widely depending on the model of handbag. Hermès and Chanel handbags are at the higher range and will often receive up to 60% of their resale value as a handbag loan.
How do I get a loan against my handbag?
To get a pawn loan against your handbag, simply get in touch with us and share details and images of your luxury handbag. We will share a pawn handbag offer with you, and once accepted, you can receive the funds immediately.
What handbags do you lend against?
We primarily lend against Hermès and Chanel handbags; however, we would consider pawning handbags from other luxury brands if they met our minimum loan value of £5,000.
Can I pawn more than one handbag?
Yes, you can pawn your entire handbag collection, with different bags receiving different offers. A crocodile Hermès will be valued at a better price than a leather Gucci, a used Louis Vuitton bag, or a mint condition Stella McCartney. Our valuers use a set of conditions, including brand, model, condition and material, to base their assessment.
Can I pawn my Chanel bag?
Yes, you can pawn a Chanel handbag, provided it is a real Chanel bag and is in good condition.
Can I loan against my handbag?
Handbags are good investments, and new releases can sometimes be very high in demand and therefore have high handbag pawn shop values. Get in touch for a quote to borrow against your luxury handbag. Handbags do not have to be vintage to be considered as an asset for a loan.
What affects the value of my handbag for a loan?
The loan value of your handbag depends on the brand and model, its condition, the presence of original documentation, and current market demand, with iconic and limited styles typically achieving higher values.
Do you lend against used or vintage handbags?
Yes, we will consider offering a loan against your vintage and second hand designer handbags as long as they are authentic and meet our loan requirements.
Is my handbag insured throughout the loan period?
Yes, your handbags are insured while they are with us in our secure safe, although we always recommend keeping your own insurance policy active while they are with us for the duration of your handbag loan.
What are the pawn shops that buy designer handbags near me?
Most pawnbrokers will not buy designer handbags but pawn handbags instead. We are one of the best places for handbag loans in the UK to pawn Hermes and Chanel bags.
Do pawn shops buy handbags?
There are some pawn shops that buy handbags, but this varies by pawn shop. However, many UK pawnbrokers like us will only loan against designer handbags.
Our Pawnbroking Loan Rates
Terms
All our loans are for 6 months and are secured against your valuables. Maximum APR (including all fees): 93.21%. Minimum and maximum repayment term of 6 months. These loans are redeemable at any point during the loan period. Only the loan amount and accrued monthly interest are payable if the loan is redeemed before the end of the loan term.
REPRESENTATIVE EXAMPLE
Loan amount of £1,000. Loan term of 6 months. Interest rate of 6.5% per month (fixed). Total interest of £390 over 6 months. Total repayable amount in one instalment is £1,390. Representative APR is 93.21% (including all fees).
Risk Warning: If the loan is not repaid, the assets may be sold.
Related Reading
Are Designer Handbags a Good Investment?
The status of top luxury handbags has shifted significantly in the last decade. No longer viewed as mere fashion statements due to a continually appreciating market, viewing handbags as an...
Top 10 Watch Brands to Secure a Watch Loan in London
What is a Watch Loan? A watch loan is a type of secured short-term loan that uses your luxury watch as collateral. Instead of selling your timepiece outright, you temporarily hand it over to a...
How AI Affects the Pawnbroking Industry
Artificial intelligence (AI) is transforming industries at an astonishing pace. From banking to healthcare, from art to retail, technology is reshaping the way people work, live, and make decisions....