Pawnbrokers London - 6 London Pawn Shops Worth Visiting

Like most cities in the UK, London now has more pawnbrokers than ever before. The benefit for you of course is that the more competition out there for your custom the better the deal to be had – but only IF you are prepared to visit several pawn shops rather than just taking the first offer you get for your valuables.

To a large extent the London pawnbrokers that you visit will be dependent on what it is you wish to use as security. Even Mayfair isn’t without a pawn shop although these upscale shops are catering for customers looking to borrow on items at the higher valuation end such as fine art and prestige watches.

The following half dozen London pawnbrokers are in no particular order. They are listed for their diversity and hopefully, whatever it is you are hoping to use as security you will find at least one of the following willing to oblige.

Suttons & Robertsons, 156-158 Victoria Street, London, SW1E 5LB – Tel: 020 7834 0310

Suttons & Robertsons are the longest running pawnbrokers in London having been in business since 1770. They can provide loans secured on your valuables from £50 up to £1 million. They offer an online valuation – just send them a photo of your valuables for a quote (great idea). They have 3 other pawn shops at 199 Edgware Rd, 78 Old Brompton Rd and 88 Fleet St.

Suttons and Robertsons Website

New Bond Street Pawnbrokers, 5 Blenheim St, Mayfair, London, W1S 1LD – Tel: 020 7493 0385

Loans are guaranteed on fine jewellery, luxury cars, diamonds, fine watches, art etc.

An upmarket London pawnbrokers although whoever told them the carousel on the front of the website looks ‘classy’ wants sacking.

New Bond St Pawnbrokers Website

Borro LTD, 53-64 Chancery House, London, WC2A 1QU

Primarily an online pawnbroker but callers to their valuation centre are welcomed. Loans from £100 to £1,000,000. Great rates and excellent service. Read our Borro review.

Borro Website

RPM Pawnbrokers, 16 Hatton Wall, London, EC1N 8JH – Tel: 020 7430 2162

RPM only accept jewellery and high end watches as security which isn’t surprising as it is situated in the jewellery quarter of Hatton Garden. Not much info on the web site but worth checking out if you are looking to pawn a Rolex, Paneria or Cartier.

RPM Pawnbrokers London Website

By Design Pawnbrokers London, 218 High St Walthamstow, E17 7JH – Tel: 020 8520 2310

By Design are a long established pawnbrokers in the East of London. They offer competitive rates on items of jewellery.

By Design Website

Prestige Pawnbrokers, 125 Queens Rd, Weybridge, Surrey, KT13 9UN – Tel: 0800 9176894

Prestige claim to lend out as much as 3 times more on the value of your items than other pawnbrokers.  Loans secured on gold, art, antiques, fine wine, jewellery, vehicles, land and property. They will actually assess your items over the phone and make you a loan offer so probably worth giving them a call even if you aren’t in their area.

Prestige Pawnbrokers London Website

H&T Pawnbrokers, 111 Lower Marsh, Waterloo, SE1 7AE – Tel: 020 7928 0382

H&T Pawnbrokers have close to 50 branches in and around London. They only accept jewellery and watches as security but will lend anything from £5 up to £100,000. You are also welcome to take several items in for valuation and pool them together as security for 1 loan. Read our H&T pawnbrokers review.

H&T Pawnbrokers Website

Whichever pawnbroker you visit, the principals remain the same. All that differs is the value placed on the security you are providing and the rate of interest they are offering you. Your item will first be valued and then an offer of a loan will be made based on that value.

If you accept the offer and terms you will sign the agreement and walk away with the cash there and then. There are no repayment plans to worry about, you simply return the amount borrowed plus the agreed interest for each month you had the money within 6 months and pick up your valuables.

With the majority of pawnbrokers in London you can expect to be offered a loan of around 50% of what the valuer thinks they will get for the item should it be sold at auction. You will find this and the amount of interest charged can vary quite a bit so it does pay to visit several pawn shops before agreeing to a deal.

If you go on to use any of the above companies or have already had personal dealings with these or any other London pawnbrokers please leave your experiences in the comments below, thanks.