How does pawnbroking work?

At Hopkins and Jones, we accept items of value as security against a pawnbroking loan and are pleased to specialize in luxury branded and high-value items. These may include  watches, jewellery and antiques. A pawnbroking transaction is a very simple and straightforward agreement which can be traced back to both Ancient Rome and Greece. Pawnbroking is the smart way to access financing by short term loans. You simply lodge your item of value with the pawnbroker. This is taken as security against the loan that the pawnbroker then makes. Your item or items are then kept safe for a maximum of six months and are then redeemed by you when you pay your original loan together with an agreed interest payment, clearly shown on the agreement.Although the contractual term of this pawn agreement is a maximum of six months, you are under no obligation to keep the loan for the full six-month. You can redeem your item at any point during your loan period, from the day after the loan starts to the due date of settlement.Although the contractual term of this short term is a maximum of six months, you are under no obligation to keep the loan for the full six-month. You can redeem your item at any point during your loan period, from the day after the loan starts to the due date of settlement.


The Pawnbroking Loan Process:


We lend against your assets, whether it be a Rolex watch or a Tiffany single stone diamond set ring, simply follow one of the following paths;

  • Submit an online enquiry form, include all the information that you have and we will respond to you by phone or e-mail
  • Visit us in our central London store, 7 William IV Street, WC2N 4DW

2 minutes walk from Charing Cross Station and 1 minute walk from Trafalgar Square

Next to one of the Charing Cross tube exits, 10 minutes walk from Waterloo Station

Call us on 0207 379 7080 we will endeavor to give you an accurate valuation from the information that you provide



If the estimated loan value is acceptable, the next stage  is for your item to be brought along to our store to be physically

assessed and the loan offer confirmed, which on the majority of jewellery and luxury watch items will be while you wait.

(Please note for some items such as artwork and antiques this process may take up to 48 hours)



Once the loan is accepted, if you are a new customer to us we will need to set you up an account. We require two forms of Identification.

  • Photographic such as a passport or drivers licence
  • Address such as bank statement or utility bill less than 3months old

This  is a statutory part of the process and will be completed in approximately 15-20 mins.



Our loan contracts are for six months, the agreements are regulated by the credit consumer act and we are regulated by the Financial conduct authority.The goods held under a contract can be redeemed at any time within the term of the contract, with only the interest which had been accrued to the time of redemption payable.



We can release funds of up to £10,000 within the hour and £100,000 within 24 hours. Payments of up to £10,000 can be paid in cash or bank transfer . Any amount above £10,000 will be paid by electronic transfer.


Legal requirements:

In order to protect both the pawnbrokers and their clients, the loan is supported by a pre-contract information sheet. Known as a SECCI (Standard European Consumer Credit Information), this information sheet clearly sets out the terms and conditions of the loan, so that you can take time to make sure you understand the process and are happy to proceed with the loan.

Don’t worry if you have second thoughts in the first 14 days of the loan. A cooling-off period allows you to withdraw from your contract.

Let’s look at the end of your contract…

When your contract comes to an end, you settle your loan with us and you then redeem your item. Don’t forget, you can do this at any time during the six-month loan period.

If you reach the end of your contract and you are not in a position to settle your account and redeem your secured item, we will then take care of your account by using your secured item to recover the loan.

There will also be an opportunity to extend the loan period at the end of the initial six-month period. Simply settle the outstanding interest accrued on your account and the loan can be extended.

At Hopkins and Jones, our integrity is core to our business. We take our industry seriously and that’s why we are proud to be a member of the National Pawnbrokers’ Association and adhere to their code of conduct



on May 19 | by

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.
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