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WHAT IS PAWNBROKING?

Pawnbroking is a secured loan in which the amount you can borrow is determined by the value of your item. The item of value is left with us in return for an instant cash loan for a period of 7 months without going through any credit checks. If the loan is not repaid, you will not face any legal liabilties. However, we have various ways to help you in getting your items back. Interest rates are payable at the time your agreement is settled. Please click here for rates and interest.

HOW DOES IT WORK?

Selling

Bring your items to any of our branches along with your identification, our expert team of assessors will do all the necessary checks and then where possible, you will be paid the same day. It’s that easy!

Pawnbroking

Instead of selling your most precious jewellery or watches, you have the chance to come back for them at any time. Our expert assessors will discuss with you on how much you would like to borrow and give you a valuation on the spot. When you’re happy with our quote, we can set up an agreement right away and you’ll receive your cash instantly.Our contracts have a 7 month duration, with monthly interest. You can redeem your pledge at any point during the contract. You can also make partial payments, reducing the total interest to pay, or even renew your loan for another 7 month period at the end of your contract.

WHAT DO I NEED?

  1. You must be 18 years of age or older

  2. Must reside in the UK

  3. Bring documentation to confirm your photographic identity such as a valid passport or your UK Driver’s Licence with photo.

  4. Original copy of proof of address mailed to you within the last 3 months such as a utility bill, tenancy agreement and bank or building society statement. 

WHAT CAN I SELL AND PAWN?

We buy and lend against jewellery from precious metals, with or without diamonds and gemstones, regardless of its condition. We also lend against and buy watches. Contact us for more information.

HOW DO YOU KEEP YOUR ITEMS?

We will keep your items in our highly secured facilities until they are redeemed by paying the appropriate loan and interest due in full.

HOW DO YOU VALUE MY ITEMS?

Our valuation will be based on the condition, purity and weight of your jewellery. In the case of watches, we assess brand, model, condition and metal, along with the original certificate and box. Our experts on hand are also trained in assessing diamonds and precious stones.

I AM UNABLE TO REDEEM MY ITEMS IN 7 MONTHS, WHAT CAN I DO?

Don’t worry! You can renew your contract for another 7 months. Simply pay us your outstanding interest and we will issue you a new contract valid for another 7 months. However, if you are still unable to pay at least the interest, please speak to a member of our staff for more information.

WHAT HAPPENS IF I CAN'T PAY IT BACK?

If you can not redeem your property by the end of the contract term, please always contact us to discuss options as we may be able to help. However, sadly we cannot always find a solution to every situation, and thus the following applies:

  1. If your loan was for £75 or under, the goods become the property of the company for us to sell via any means we see appropriate.

  2. If your loan was for over £75, you will be notified of our intention to sell and will be given 2 weeks notice after the contract expiration date. Once this 2 week period has passed, we are legally obliged to source the best and fairest market price. We do this via an open public auction and once goods are sold, you will be notified in writing of the sale of the goods. We will then deduct the sale price from the loan, interest and any admin fees associated to the sale. After this, any surplus money will be yours!

HOW DO I KNOW I'M NOT BEING RIPPED OFF?

We pride ourselves on our honesty and as a family run company, it is important to us that we treat our customers like family. We are members of the NPA (National Association of Pawnbrokers) and we are fully governed by the FCA (Financial Conduct Authority). We have a legal obligation to abide by all regulations in place and put our client’s best interests at the forefront of our minds when making any decisions, so you can have full confidence in your decision to use our services.

WHAT HAPPENS IF I LOSE MY CONTRACT?

If this happens it is very important that you inform us immediately, so we can put a note on the system. When you come to renew or redeem your contract, we will issue you with an affidavit which you will need to take this along with your identification to a local solicitor to get it witnessed. This will then become the legal replacement document for your lost contract. Please be aware there is a cost for the solicitor to sign your document which can vary in price.

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