FAQs - Pawnbroking

Pawnbroking is a service that allows you to secure an instant cash loan against your jewellery or other valuables.  You remain the owner during the period of the contract which is normally 6 months or longer.

Browns offer a 27 week contract which is just over 6 months. Interest is charged on a monthly basis and the loan amount plus accrued interest can be repaid at any time which is called a redemption.

Towards the end of the contract, Browns always write to every customer offering the opportunity to pay the accrued interest and renew the loan contract. 

At the end of the contract the pawnbroker is entitled to sell the jewellery or valuables at auction or through private treaty to recover the loan amount plus the accrued interest.   Browns always try to prevent this and keep in touch to encourage a customer to renew or redeem their contract.

We find that 8 out of 10 customers redeem their pledges at Browns.  The interest rates are extremely competitive within the industry. 

Monthly Interest Rate (the lowest around!)

The interest rate on a larger loan can be negotiated directly with Browns Jewellers and Pawnbrokers.

Brownspawnbrokers.co.uk offers the ability to confidentially raise cash in the privacy of your own home at a competitive price in the knowledge that you are using a reputable and established business.

Browns only employ staff with over 25 years experience so that you have the confidence that you are dealing with a professional who is an expert in this field.

Our costs are kept to a minimum so that we are able to charge lower interest rates on our instant cash loans compared to our major competitors.

The Royal Mail special delivery is secure and insured. You are able to track the movement of your valuables and can be confident in a smooth transaction. 

Your loan can be redeemed at any time within the contract by simply repaying both the loan amount and the accrued interest back to the pawnbroker.

This can be achieved by logging online using your unique user name and password. You can contact us by text or email. The payment can be made using:-

1. A bank switch or debit card
2. Direct transfer of funds using internet banking
   Contract number to be used as the payment reference
   Our sort code and account number with Barclays Bank Plc will be provided
3. As a final alternative you may send a cheque or cash using Royal Mail special delivery so that the payment is secure and can be tracked.