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The Pawnbroking Process

A loan from New Bond Street Pawnbrokers is fast, secure, simple, confidential and designed for clients to release the maximum amount of capital in their luxury good, with the minimum of time and hassle.

Application

Release the capital in your assets(s) – tell us details of the asset(s) you wish to loan against.

  • Fill out our ‘enquiry form’ and receive a loan estimate
  • Receive a verbal estimate – call us 020 7493 0385
  • Actual appraisal – appointments are recommended but feel free to visit us in store for an immediate appraisal (HOME APPRAISALS)

Appraisal

ARRANGE AN APPRAISAL – appointments made here at our premises in Mayfair, London are recommended to ensure New Bond Street Pawnbrokers have the relevant specialist available – once an asset(s) has been assessed – A LOAN PRICE CAN THEN BE AGREED

Loan

LOAN – CONTRACT TERMS agreed and loan contracts signed-receive immediate ADVANCE/ FUNDS

Repayment

REPAY LOAN – repay loan plus accrued interest and retrieve your item(s).
– Loans can be paid back at any point throughout the term of the contract.
– All contracts can be renewed or extended at the end of the CONTRACT TERM once interest accrued throughout the original term has been paid in full.

We provide loans against the following assets: diamonds, fine jewellery, classic cars, fine wines, fine art, antiques and fine watches as Patek Philippe or Rolex.

New Bond Street Pawnbrokers is the trading name for James Page Financial Services Ltd. James Page Financial Services Ltd is a trade member of The NPA (The National Pawnbrokers Association). James Page Financial Services, Company registration Number 433606. Registered Office, 35 Ballards Lane, London, N3 1XW. James Page Financial Services are authorised and regulated by the Financial Conduct Authority licence No 675747 for the provision of pawnbroking loans.

Contract Terms

Contract

No contract has a minimum term period and each item pawned (used to raise finance) can be redeemed (loan repaid) at any point within the seven-month contract.

Interest is charged from the date of the loan and then occurs the same date the following month throughout the period of the contract.

Items pledged (used to raise a loan) remain with New Bond Street Pawnbrokers throughout the time of the contract but remain the property of our client pledging the item until the contract expires.

New Bond Street Pawnbrokers consider any item of value. Clients must have full marketable title (free of encumbrances of any kind) to each item they wish to loan against.

As New Bond Street Pawnbrokers are a member of the National Pawnbrokers Association and are regulated by the Financial Conduct Authority, all our contracts are for the term of up to seven months. No contract has a minimum term period and each item pawned (used to raise finance) can be redeemed (reclaimed by repaying the loan) at any point within the seven-month contract. Interest is charged on the date of the loan and then on the same day of each subsequent month throughout the period of the contract. Items pawned remain with us throughout the time of the contract, but remain your property until the contract expires. After seven months, you can extend the loan contract. You must pay in full all interest that has accrued. When we have received payment, we can then renew the contract for a further seven months, under the same terms.

We offer competitive rates in the market at 5% including all fees (Representative APR 60%), no hidden fees at all, no early release fees, and loan terms from two up to seven months.

A representative example of repayment for a two months loan of £2500 is £250, thus a total repayment of £2750 at a 5% interest rate (or 60% APR), including all fees.

*We are authorized by the Financial Conduct Authority

ID Requirements

To register with New Bond Street Pawnbrokers, we and the National Pawnbrokers Association require that all new clients have photographic ID (passport, identity card or driving licence) and proof of current address (a council tax or utility bill no less than three months old).

We do not share this information with any third party. We do not run credit checks before approving a loan, and loans from us will not affect your credit rating. All loan transactions are private and confidential.

Data Protection

New Bond Street Pawnbrokers understands that confidentiality and privacy is of the utmost importance to all clients. Information we collect is used to fulfil our statutory obligations.

To administer your loan agreement(s) New Bond Street Pawnbrokers do not share details with any third parties. Information collected and recorded is confidentially and securely stored, and used entirely for in-house purposes and is strictly private.

Terms and Conditions

New Bond Street Pawnbrokers are licensed pawnbrokers and members of the National Pawnbrokers Association and regulated by the Financial Conduct Authority

Our official business address is 5 Blenhiem Street, Mayfair, London, W1S 1LD. Financial Conduct Authority (FCA) of 12 Endeavor Square , Stratford , London, E20 1JN, is the supervisory authority under the Consumer Credit Act 1974.

Our contracts are governed by the law of England and Wales unless you reside elsewhere in the United Kingdom in which case your local law will prevail.

Private and Confidential

All loan transactions are private and confidential. As one of the most reputable and leading independent pawnbrokers in London and the UK we ensure that all loan transactions are handled securely, promptly, and with sensitivity and care. Loans from New Bond Street Pawnbrokers will not affect your credit rating. New Bond Street Pawnbrokers do not run credit checks before approving a loan.

If you are a new client to New Bond Street Pawnbrokers photographic ID and household letter such as a utility bill or bank statement must be provided. This is required by the National Pawnbrokers Association and by law to protect both our clients and us. New Bond Street Pawnbrokers cannot supply a loan without this information. Please note New Bond Street Pawnbrokers do not share this information with any other third party.

Pawnbroking

Pawnbroking is a simple method to raise instant capital against items of value. New Bond Street Pawnbrokers is a member of the National Pawnbrokers Association UK, so all of our contracts are for the regulated term of up to seven months.

New Bond Street Pawnbrokers specialises in loans against fine jewellery, diamonds, fine watches, art, fine antiques, luxury cars, private plates and vintage wine. For more information on loaning against these items please see the respective page.

The National Pawnbrokers Association UK and NBSP require that all new clients have photographic ID and proof of a current address. Here at New Bond Street Pawnbrokers our pawnbroking service is a no-fuss method of raising instant finance without affecting credit ratings. It’s private and confidential.

To use our pawnbroking service and raise a loan against an item please visit our London Mayfair premises. For items such as fine jewellery, diamonds and fine watches there is no need for an appointment. For art, fine antiques, luxury cars and private plates please contact us prior to a visit so we can begin the loan process. New Bond Street Pawnbrokers will always consider any item as collateral.

Security & Care

Jewellery, Diamonds, Precious Stones, Pearls & Fine Watches

When an item is held as security for a loan, New Bond Street Pawnbrokers take possession of the item. We appreciate that we’re often dealing with clients’ most treasured and valued luxury items, so we guarantee that all items are handled with the utmost care and sensitivity. That they are securely stored suitably packaged and returned to our clients in the same condition as when we received them.

All items are evaluated, wrapped and stored as appropriate, and are mostly kept in sealed protected packs or the item’s original box. We store items in our vaults.

If requested, New Bond Street Pawnbrokers are happy to supply an assessment report or photos of an item prior to proceeding with a loan.

Fine Art, Collectables & Antiques

Before wrapping and storing in our climate-controlled vaults, we will evaluate the item and run our own assessment. Generally, fine art, collectables and antiques are sealed to ensure the best possible condition once in storage.

New Bond Street Pawnbrokers always liaises with the owner to find out how they believe their item should be packaged and stored. New Bond Street Pawnbrokers also works with one of London’s largest fine art logistic companies, who can assist in providing a service that guarantees quality for clients looking to either, transport their item to our office or move their items internationally.

Fine Wine

Given that temperature, humidity, insulation, airflow and natural light shuttering can be factors when storing fine wine, New Bond Street Pawnbrokers work with a selection of UK-based wine merchants, storage specialists and bonded warehouses. Private investors and fine wine connoisseurs can be assured their collection or investment is secure in a controlled environment.

We can assist clients with transport logistics and supply a courier service for their collection to one of New Bond Street Pawnbrokers selected partners fine wine storage facilities. For clients who already have their wine stock in a chosen bonded warehouse or storage facility there is a very high chance that New Bond Street Pawnbrokers may have worked with them in the past and can take charge of the bond or collection on their behalf.

Cars, Vehicles, Private Registration & Retention Documents

New Bond Street Pawnbrokers provides a full condition report before the vehicle is taken into storage and generally the vehicle is kept in our dry, temperature-controlled secure storage facility.

The New Bond Street Pawnbrokers appraisal team inspects the vehicle prior to providing a loan. New Bond Street Pawnbrokers work with one of the largest London-based logistic companies, so we can provide a trailer or courier service to collect the vehicle from anywhere within the UK.

For clients who already have their vehicle within a chosen storage facility there is a very high chance that New Bond Street Pawnbrokers may have worked with them in the past and are able to take charge of the vehicle on their behalf.

National Pawnbrokers Association

Authorised and Regulated by the Financial Conduct Authority