Five things you can do with cash from a London pawnbroker

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For a pawnbroker In London, pawnbroking of premium items is booming. With rising costs and people more and more willing to push ahead with their plans and dreams because they are determined to have the life they want, London pawn-brokers are fast becoming the average family’s best new-found friend. It seems as if people just don’t want to wait any more, well now they don’t have to. London pawnbrokers allow affluent Londoners to cash in on their precious belongings.

Top quality items often have a story attached to them: whether it’s a gift from someone rich and famous or something inherited from a titled ancestor, people are selling extremely expensive items in order to raise cash for a variety of reasons. Pawnbrokers take buying and selling on anything very seriously indeed. So do the people who part with their cherished belongings. Some people need cash to bring their families together from the other side of the world, to travel or to buy a second home abroad.

In today’s modern, global economy, another popular reason to raise large sums of cash is to fund a new business venture. There are many reasons people want to pawn their top end priced items but financing a holiday, a business venture, buying a new car or investing in the stock market, and raising cash to pay a bill are among the top five items named in recent surveys among people who’ve been pawning jewellery, paintings, antiques, designer clothes and handbags to raise cash. One of the most popular reasons is, as expected, to generate some cash flow to bridge the gap until pay day.

Valuing distinctive items is a specialist job and today’s pawnbroker is really quite a sophisticated dealer, especially those operating in London, the heart of fine art auction houses and top end antique dealers. From Omega and Rolex watches to rare ivory chess sets and diamond necklace and bracelet sets, exclusive items need to be appraised carefully. But when it comes to raising money to pursue one’s dreams and ambitions, often people want to pawn items not sell them.

Pawnbrokers are business people and do not like to take risks although good quality items will always be able to secure a loan and usually London pawnbrokers will be able to offer far better interest rates than borrowing on credit cards or trying to secure a loan from a bank, making them a popular choice when it comes to raising cash.

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On February 29, 2016
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Hopkins & Jones Ltd is a trade member of The NPA (The National Pawnbrokers Association). Hopkins and Jones Limited, Company registration Number 433606. Registered Office, 7 William IV Street, London, WC2N 4DW. Hopkins and Jones Limited are authorised and regulated by the Financial Conduct Authority licence No 6520002 for the provision of pawnbroking loans.