Contract Terms

Loan Agreement

When you enter into a loan agreement with New Bond Street Pawnbrokers, you’ll receive pre-contractual information before signing any agreement. Our contracts are designed to be flexible and accommodating to your needs.

Loan Duration and Redemption

Our standard loan term is up to seven months, with a minimum period of two months. You can redeem your item by repaying the loan at any point within this timeframe without being penalised for early termination. Interest is charged from the loan date and on the same date each subsequent month for the contract’s duration.

Interest Rates and Repayment

We offer competitive fixed monthly rates at 5% (60% per annum), with loan terms ranging from two to seven months. For example, a two-month loan of £2,500 would incur £250 in interest, resulting in a total repayment of £2,750. This equates to a 5% fixed monthly interest rate (60% per annum, 67.3% APR).

Item Ownership and Storage

While your pledged items are held with us during the contract period, they remain your property until the contract expires. We store your valuable items with the utmost care, using appropriate methods tailored around the asset type.

Contract Renewal

After seven months, you have the option to extend your loan contract. To do so, you must pay all accrued interest in full. Once we receive this payment, we can renew the contract for another seven months under the same terms.

Regulatory Compliance

As members of the National Pawnbrokers Association and regulated by the Financial Conduct Authority, we adhere to strict regulatory standards in all our contracts.

Legal Jurisdiction

Our contracts are governed by the laws of England and Wales. However, your local law will prevail if you reside elsewhere in the United Kingdom, such as Scotland or Northern Ireland.

Client Requirements

To use our services, new clients must provide a photographic ID (passport, identity card, or driving license) and proof of current address (a council tax or utility bill no older than three months). In accordance with GDPR, this information is kept strictly confidential and not shared with third parties.

Contact Form

Constantin Singureanu

Constantin leads our multi-award digital marketing team, with an exclusive focus on delivering the best possible digital experience for our clients, from the moment they reach our website, finding the information they need, and getting in touch, to learning interesting facts about the fascinating world of luxury via our comprehensive blog.

Mariana Vlad

Mariana has been working in the pawnbroking industry since 2014. She enthusiastically embraces her newly found interest in watches. Mariana thoroughly enjoys working with customers, building strong relationships, and over her long and distinguished career she distinguished herself through excellent communication skills, and high personal integrity.

Susana Figueiredo

Having worked in the pawnbroking industry for 20 years, Susana offers a high level of knowledge within the lending sector.  Her expertise is key to the daily business at New Bond Street Pawnbrokers where she ensures that compliance is adhered to. With a keen interest in the satisfaction and experience of our clients, Susana is a huge asset to the team and is a fundamental part of the day to day running of the company.

Employee of the Year – NPA Awards 2021

David Sonnenthal

David Sonnenthal took an unusual route into pawnbroking, moving into the industry after a successful career in show business. Between the ages of 17 and 26, he worked as a professional actor, appearing in a variety of productions on both stage and screen. In 1996 he even won the prestigious Perrier Award for acting at the Edinburgh Fringe Festival.

His pawnbroking career in London started quite by chance after he discovered the future site of New Bond Street Pawnbrokers during an acting audition in 1999. Immediately seeing the shop’s potential, he turned it into a successful pawn shop LOndon business and went on to become one of the UK’s top pawnbrokers.

David is a highly respected figure in the pawnbroking industry, winning the National Pawnbroker Association’s award four times in 2022, 2021, 2019 and 2008. Over the course of his 20-year career, he has gained a reputation as one of the pioneers of UK and London’s pawnbroking. He is a regular fixture in the British media, often providing expert advice on market values.

Never one to lose touch with his roots, David has even managed to continue his entertainment career as the resident dealer on Channel 4’s popular Four Rooms TV series.

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