Pawnbroker loans made simple

Yes. Despite common pawnbroking misconceptions, over 95% of our clients repay and redeem their pawnbroking loans, with fewer than 5% failing to do so.

Yes, you can sell an item that is already pawned, though the process works a little differently from a standard sale. First, the outstanding loan and any accrued interest must be cleared (this is called redeeming the pledge). For example, if your item has a resale value of £1,000, we may have loaned £700 against it, and with £200 of accrued interest, the total redemption amount would be £900.

Once the loan is redeemed, we can then make you a purchase offer for the item. This is usually higher than a pawn loan offer and is typically around 10%–30% more than the original loan amount (£700 in this example), depending on the item’s condition and current market demand.

Pawn loans are secured against assets and do not affect your credit file. Payday and bank loans are unsecured, involve credit checks, and may impact your borrowing history. Read our article on Pawn Loans vs Other Short-Term Loans for more details.

An FCA-regulated pawn loan is a secured loan. If you cannot repay, the only risk is to the asset you use as collateral. Your home, car, or other assets are never at risk, and your credit profile is unaffected.

Some pawnbrokers may offer personal loans, but we only provide secured pawn loans against luxury assets.

A common question about pawnbrokerage is ‘what is a loan at a pawn shop?’ or ‘do pawn shops let you borrow money? As a pawnbroker, we specialise in providing short term loans secured against collateral such as jewellery, watches, and gold.

Do pawn shops check credit? No. Pawnbrokers do not carry out credit checks. Our loans are secured against the asset you bring in, so we never carry out credit checks. Even if you have bad credit, you can still obtain a pawnbroker loan.

No. Our pawn shop loans do not affect your mortgage eligibility or your credit score. Our loans are secured against the value of your asset and are not reported to credit reference agencies. This means that your mortgage provider will never be aware that you have taken out a pawn loan.

Pawnbroking is a fast and efficient service, with many personal asset loans typically being agreed upon within an hour. Certain items, such as classic cars, artwork and antiques, may require an additional expert valuation; this usually takes two to three days.

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.

Our pawn shop loan items are securely locked in our vaults. Our inventory team routinely audits all items while they are in our care.

Typically, your loan agreement period will be set for 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 back your pawn shop loan within the repayment period, don’t hesitate to contact us to see if you can renew by paying all the accrued interest first.

If you have taken out a pawn shop loan, you will likely have set a loan period of 6 months. You can repay your pawn loan early with us. If you repay after 3 months, you will only pay the accrued interest to that point.

Pawn loans are typically repaid in a single lump sum. However, you may be able to reduce your balance by redeeming early and taking out a new loan. Please contact the branch to determine what options are available.

You can usually collect your item the same day. Please arrange a collection time with the branch team, or you can walk into our store to collect your item, but you may have to wait for someone to be available to help you.

Contact the branch where you arranged your loan. Repayments can be made by bank transfer, remotely, or in person at the branch by debit card.

The item must belong to the borrower. In certain cases, we may accept items with the permission of a family member who owns them. To ensure the transaction is secure and compliant, we may ask for proof of ownership (such as a receipt), along with valid ID and proof of address from the applicant.

Yes, someone else can pick up your pawn loan, provided it is arranged in advance in writing with our team. The person collecting will need to bring a valid form of identification.

Getting a pawn shop loan is simple: bring your item to us, and we’ll assess its value. We then agree on the pawn loan terms, and the loan is issued to you. The process can usually be completed the same day, in-store, and usually within 48 to 72 hours if you use our home collection service.

Pawn and loan mean the same thing. At a pawnbroker, you can either sell your item outright or pawn your item (take a loan against it).

How long can I pawn something? Our standard loan term is 6 months, but you can repay and redeem your items at any time within that period. There is also a 14 day cooling off period at the start of the loan. It may be possible to renew the loan for a further 6 months.

With our standard six month pledge agreement, you can redeem your pledge at any time, provided you repay all the principal loan amount and accrued interest to that point. After this period, if the loan remains overdue and unredeemed, the item may be sold.

If you’re unable to repay your pawn loan, your item will be sold to cover the outstanding balance through a fair and transparent process. We’ll always do our best to support you and explore options to help with repayment. If we have to sell your item(s), any surplus will be returned to you, and if there is a shortfall, we will cover the difference. This is a common misconception with pawnbroking.

We do not offer buy back loans. Instead, we offer pawnbroker loans, which function in a very similar manner. You receive a cash loan secured against your asset, with the ability to redeem it once the loan and interest are repaid.

We don’t currently have a pawn loan calculator on our website, but we use an internal one to calculate loans. You can view our interest rates and a representative example on this page or get in touch for a free loan quote.

Yes, we do. Please take a look at our draft pawn agreement. If you’re not local to one of our stores, we can send the contract to you digitally for electronic signing.

Yes. Pawnbrokers conduct thorough checks on all luxury items for lost and stolen items wherever possible.

Interest rates typically range from 4% to 10% per month. The pawn rate depends largely on the pawnbroking company and the size of the loan, with higher value loans usually attracting lower rates.

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 get in touch with us to discuss lost receipts.

A pawn loan is always secured against the value of an asset such as jewellery. Without collateral, a pawn shop cannot lend.

• We accept a wide range of luxury assets as collateral for loans, including but not limited to:
• Fine jewellery (gold, platinum, diamond jewellery, antique pieces)
• Luxury watches (Rolex, Patek Philippe, Audemars Piguet and more)
• Gold jewellery, coins and bullion
• Designer handbags from brands such as Hermès and Chanel
• Fine art from artists such as Andy Warhol and Picasso

Yes. Many pawn shops sell pre-owned luxury items at competitive prices, often 30% to 70% below RRP, including discontinued pieces not available from retailers.

Yes, you can pledge multiple assets for one or more loans, provided you own the luxury items outright.

Pawn loans are generally repaid (including the loan principle and accrued interest) in one lump sum. However, partial redemptions and renewals can be discussed with the branch.

Yes. We accept online bank transfers for repayment remotely and bank card payments in-store only. Please contact the branch to discuss online repayment options.

No. You cannot use a credit card to repay a pawn loan, as this would be paying credit with credit. Payments are usually made by bank transfer or debit card.

No. By law, pawnbrokers require valid ID and proof of address to complete a loan transaction.

We require a valid photo ID, recent proof of address, and a bank statement or bank card, along with the asset information outlined above.

Bringing the luxury asset, along with any original receipts, paperwork, and packaging, helps support its valuation and may enable us to offer a higher loan amount. Please also bring the personal document outlined below.

Yes, the pawn shop looks after the asset as collateral for the duration of the loan.

Yes pawnbrokerage is safe. Your items are securely stored in our vaults and professionally cared for whilst they are in our possession.

Yes, if you own high value assets and want to access cash quickly without selling them or affecting your credit score.

If you are wondering, ‘Do pawn shops give good money?’, Pawn shops typically offer a loan based on a percentage of an asset’s resale value, which varies depending on the type of asset. For example, we provide higher LTVs on gold than on fine art. Across all our pawnbroking loans, we offer between 50% and 75% LTV.

We base valuations on the market resale value, condition, brand, rarity, and demand and offer a percentage of the value as a loan offer, usually between 50% and 75%.

Pawn shops typically lend a percentage of an item’s resale value. If you’re looking to sell your luxury goods outright, you would normally receive a slightly higher amount than borrowing against them.

We offer loans from £500 to £2 million, based on a percentage of your luxury item’s value, known as the loan-to-value (LTV) ratio. For example, if you have a Rolex watch with a resale value of £10,000, you could borrow £5,000 to £7,000.

Yes, pawnbroking is a legal and regulated financial service. Suttons and Robertsons is regulated by the Financial Conduct Authority in the UK.

This is an ITV series that shares the stories of people with extraordinary assets who turn to pawnbrokers for valuations on their luxury assets. ITV’s ‘Million Pound Pawn’ took viewers behind the scenes at Suttons and Robertsons.

Yes, if you own high value luxury goods and need quick liquidity. Pawn shops provide an excellent way to raise substantial funds without affecting your credit profile. Where else can you raise up to £2 million in less than 24 hours?

As high end pawnbrokers, we specialise in providing asset-backed loans secured against luxury assets above £500. These often include Rolex watches, Cartier jewellery, and Hermes handbags.

A pawn pledge is an item of value you leave with a pawnbroker as security for a loan. It remains your property throughout the loan term and is returned to the borrower once the loan is repaid.

Pawnbroking is a straightforward form of credit, a six month collateralised loan that provides a safe and efficient way to unlock capital from your luxury valuables.

You can rely on our discretion. Confidentiality, integrity and trust are all extremely important factors to us.

A pawnbroker is a licensed lender and retailer who provides short term loans secured against personal property, buys items outright from clients, and offers a range of retail goods for sale.