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Pawnbroking is a much misunderstood way of raising money, Pawnbroking as a concept has been around for hundreds of years, and although these days we don’t see the Sunday best suit pawned on Monday and redeemed on Saturday we do see anything from a mobile telephone to an expensive watch. Pawnbroking is the longest established form of borrowing money. Franciscan Monks have used it, Edward 111 used it, and Queen Isabella of Spain even financed Columbus exploratory trips by pledging valuables.

Authorised and regulated by the Financial Conduct Authority

  • When you bring your goods into us we will discuss your requirements with you, and wherever possible offer you a second hand resale value.
  • Your information and photo will be entered onto our computer database.
  • Pawnbroking contracts are for a period of seven months and are regulated by the Consumer Credit Act 1974.
  • Interest on the loan accumulates on each month or part of a month. Interest is only payable at the time that the Pawnbroking contract is settled.
  • We retain your goods until the contract is settled.
  • You must be over eighteen years of age.
  • You’ll need to bring with you a minimum of two recent documents one to confirm identity, such as driving license or passport and another to confirm address, dated within the last three months such as a utility bill, council correspondence etc.

The Consumer Credit Act 1974 allows that, if the contract is not redeemed and the loan is £75.00 or under, then the goods become our property. Where the loan is more than £75.00 we must dispose of the items on your behalf for a fair market value and advise you of the results. If the amount realised (after deducting sale costs) is more than the amount you owe at the date of sale then we will return you the surplus.

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