Pawnbroker Loans

Pawnbroking is simply a form of credit offering a safe and efficient way of releasing capital from your luxury valuables. These can include anything from jewellery, watches and gold to silverware, fine artwork and antiques.

There are several ways we can proceed with a valuation:

• In-store – Bring your items(s) into one of our London pawn shops today.
• Courier Collection – Have your item(s) collected receive your money within 24 – 48 hours from the comfort of your home.
• Staff Collection – Have your high value item(s) collected by one of our staff members at a convenient time and place for you.
• Home Visit – For high value loans, our specialists can come to you to value your item(s).

The asset is held for the duration of the pledge agreement. You need to bring the pledge agreement to repay the money owed, including any accrued interest, to the branch where you made the pledge. We’ll then return the pledged asset to you.

Within our standard six month pledge agreement, you can redeem your pledge at any time, provided you repay all outstanding money, including the accrued interest. If you do not redeem your item before the expiry of the term, your item(s) may be sold. However, you are able to redeem your item(s) at any time prior to the sale of your item(s).

Pawnbroking is a fast, efficient service with many personal asset loans usually being agreed within an hour. Certain items such as classic cars, artwork and antiques may require an additional expert valuation, this typically takes two to three days. You risk losing your item if you fail to repay by your due date. Your item will be sold to cover the cost of the loan, you will not be liable to repay any shortfall.

At Suttons and Robertsons, we are a world away from this old-fashioned, pre-conceived notion of a pawnshop. Although we are here to help people who may need some financial support with liquidity – for school fees or to invest in a new business, we tend to work in much bigger loan amounts and only deal with luxury items, such as Rolexes, high-end luxury jewellery, classic cars, fine wine collections – one of today’s most rewarding items to pawn – designer handbags.

Having undergone a total transformation, the pawn industry is now home to the ‘Luxury Pawn Shop’. With a greater number of pawn loans being made against luxury items than ever before, people are much more likely to trust a reputable luxury pawnbroker, like Suttons and Robertsons, with their valued luxury assets.

If you have taken out a pawn shop loan, it is likely that you will have set a loan period of 6 months. If you would like to repay your pawn loan early, you will have the option to settle your loan before your six month loan period has ended. It will mean that you will not need to pay as much interest as scheduled as your pawn shop loan period will end early. Pawnbroking can be a flexible option for many people, with early repayment on your pawn shop loan a great option.

Typically, your loan agreement period will be set for a period of six months. Full payment in return for your asset is expected by the end of the loan period. However, if you find that you are unable to pay your pawn shop loan back within the agreed repayment period, please contact us. We review all repayment issues on a case by case basis and may be able to agree on a renewal plan.

Most of our pawn shop loan items are small in size, such as Rolex watches or Cartier jewellery. Once you have handed your loan asset over to us and payment is on its way to your bank account, we will securely lock your item in our safe. If you are pawning larger items that require specific storage conditions, such as fine art or fine wine, we will ensure that the correct type and condition of storage is put in place.

Yes, in the UK when taking out a pawn shop loan, you must prove two things: your identity and proof that you live at the address you supply. A document, such as a valid passport or driving licence, can be used a proof of identity. In order to provide proof of your address, you must provide a document, such as a utility bill, a bank or building society statement or a tenancy agreement, which is dated within the last three months.

Yes. As a pawnbroker, our business is regulated by the Financial Conduct Authority (FCA). We are therefore required to comply with the applicable rules and guidance issued by the FCA, Consumer Credit Act 1974 and all supporting Consumer Credit Regulations.

The value of loans has risen and dramatically matches the growth of luxury pawnbrokers. High net worth individuals are often smart and financially savvy people who have come to realise the value of leveraging their assets in the short term while their capital stays tied up in property or the bank.

With increased interest in luxury asset lending, high-end pawnbrokers are now a part of popular culture with television series’ that meet both the pawnbrokers and their clients close up. ITV’s ‘Million Pound Pawn’, which was aired in February and March 2021, took viewers behind the scenes at Suttons and Robertsons to offer an insight into how a high-end pawnbroker works. The programme highlighted the lengths that high-end pawnbrokers go to get highly accurate valuations so that clients can decide how they would like to move forward.

This three-part ITV series is also available on the ITV Hub and shares the stories of both high-net-worth individuals and ordinary people with extraordinary assets who turn to a high-end highly knowledgeable expert pawnbroker for reliable, insightful valuations on their luxury assets.

As well as meeting many different types of people, Million Pound Pawn also explored those people who want to sell to a high-end pawnbroker, rather than simply take an asset-secured loan.

At Suttons and Robertsons, our team is incredibly respectful to everyone who comes to us for a valuation, whether it’s the first time we meet them or someone we’ve loaned to for years. We are deeply appreciative of the trust that people are putting in us the figures assets that we are dealing with. While we may offer loans of wedding rings – as in the old-style pawnbrokers – it is more likely that we’d be offering valuations on Tiffany solitaire engagement rings, necklaces from Boodles, bracelets from Cartier watches from Omega and Rolexes. We also welcome valuation requests on fine wine and rare whisky collections, yachts classic cars as well as works of art sculpture.

When you take out a pawn shop loan, you will be given a pawn receipt in return for your asset. This will either be digital by email or printed in-store. If you lose or misplace the receipt, you will still be able to redeem your assets, please contact us to discuss lost receipts.