Top 7 Best Pawn Shops in London

Exploring London and in need of quick cash or a unique find? Our guide to the Top 7 Best Pawn Shops in London is your go-to resource for discovering reputable and reliable options in the city. Whether you’re buying, selling, or pawning, these shops offer a range of services to meet your needs.

Before diving into the main content, consider these common services that can be offered at a pawn shop in London:

Collateral Loans: Secure a loan against your valuables such as jewelry, watches, or electronics.
Buying and Selling: Explore a diverse selection of pre-owned goods at competitive prices.
Appraisals: Get professional assessments of your items’ value.
Layaway Plans: Make purchases over time with flexible payment options.
Buybacks: Sell your items with the option to repurchase them later.

When selecting a pawn shop, keep these aspects to consider in mind:

Reputation: Look for reviews and ratings to ensure trustworthiness.
Interest Rates: Compare rates to find the best deals on loans.
Item Selection: Check the inventory for a wide range of available products.
Customer Service: Consider the quality of service and expertise provided.
Location: Find convenient and accessible locations within London.

Discover the best pawn shops in London by reading our full guide and find the perfect spot to meet your needs, whether you’re buying, selling, or pawning.

1. Phoneswap
2. Prestige Pawnbrokers
3. Ali-zonee

4. Muthoot Finance
5. H&t Pawnbrokers
6. Muthoot Finance
7. Cash Exchange

Number of companies

729

Verified reviews

4,67

Average rating

+442085204965

1. Phoneswap

★ ★ ★ ★ ★ 4,8/5

138 High St, E17 7JS, London

Pawn shop
Cell phone accessory store
Internet cafe
Mobile phone repair shop
Cell phone store
Phone repair service
Second hand store

Why we chose them

PhoneSwap is a comprehensive solution for anyone looking to buy, sell, or trade smartphones and tablets. Specializing in top brands such as iPhone and Samsung Galaxy, the company ensures customers receive the best value for their transactions, whether dealing in new or second-hand devices. Known for its commitment to customer satisfaction and quality service, PhoneSwap stands out as a reliable destination for smartphone enthusiasts. Offering a wide array of products, from the latest Apple iPhones to various Samsung Galaxy models, the company caters to a diverse customer base seeking both quality and affordability.

In addition to its robust marketplace, PhoneSwap excels in providing quick and reliable phone repair services. With skilled technicians on hand, the company offers services ranging from screen replacements and battery repairs to unlocking and resetting devices. This one-stop shop also functions as a pawn shop, cell phone accessory store, and internet cafe, adding to its versatility and appeal. By focusing on comprehensive service offerings, PhoneSwap ensures that all smartphone needs—buying, selling, swapping, and repairing—are met under one roof.

+442074056664

2. Prestige Pawnbrokers

★ ★ ★ ★ ★ 4,1/5

New House, 67-68 Hatton Garden, EC1N 8JY, London

Pawn shop

Why we chose them

Prestige Pawnbrokers stands out as a premier destination for luxury pawn services, known for its unique ability to offer substantial cash loans against high-value assets. Featured on the hit TV series “Posh Pawn,” the company has garnered a reputation for handling exclusive and expensive items, from designer handbags and luxury watches to high-end cars and fine art. With a team of expert evaluators, they ensure every transaction is discreet, secure, and efficient, providing customers with immediate cash based on the market value of their valuables without the need for credit checks.

Specializing in a wide array of assets, Prestige offers loans against items such as gold, jewellery, antiques, and even rare collectibles like stamps and books. Their online store also provides authenticated luxury goods at significant savings, making high-end items accessible to a broader audience. The company’s commitment to excellence is reflected in its bespoke loan services, tailored to meet individual needs with competitive interest rates. This dedication to customer satisfaction and expertise in luxury items makes them a valuable addition to our directory.

+442038876930

3. Ali-zonee

★ ★ ★ ★ ★ 4,6/5

476 Kingsland Rd, E8 4AE, London

Pawn shop
Bicycle Shop
Diamond dealer
Gold dealer
Handbags shop
Music store
Consignment shop
Watch store

Why we chose them

Buy&Sell is a multifaceted enterprise offering a diverse array of services including a pawn shop, bicycle shop, diamond and gold dealing, handbags, music, and watch stores, as well as consignment services. This eclectic mix allows the company to cater to a wide range of customer needs, from luxury item enthusiasts to everyday shoppers. Known for its commitment to quality and customer satisfaction, Buy&Sell has earned 100% positive feedback on its eBay profile, demonstrating its reliability and trustworthiness in the marketplace.

The company’s online presence, ali-zonee, showcases an impressive selection of products, including electronics, bicycle accessories, and household items. With a reputation for fast delivery and excellent communication, customers have consistently praised the company for its accurate descriptions and reasonable postage costs. Offering a seamless shopping experience, Buy&Sell stands out as a trusted seller, making it a valuable addition to our directory for those seeking diverse shopping solutions.

+442084709500

4. Muthoot Finance

★ ★ ★ ★ ★ 5,0/5

168 High St N, E6 2JA, London

Pawn shop
Currency exchange service
Money transfer service

Why we chose them

Muthoot Finance Pawnbrokers Gold Loans has established a strong presence in the UK as part of Muthoot Global, the overseas extension of the renowned Muthoot Group. Founded in 1887 by Shri Ninan Mathai Muthoot, the company has built a reputation for trust and quality, now serving millions of customers worldwide. Specializing in gold loans, currency exchange, and money transfer services, the company caters to a diverse clientele seeking financial solutions. With a global workforce of over 30,000 dedicated employees, Muthoot has become synonymous with reliability and customer satisfaction across its various operations.

Operating under the vast umbrella of the Muthoot Group, which spans over 20 industries, the company leverages its rich legacy and expansive network to deliver exceptional service. Since its UK market entry in 2007, the company has focused on providing its signature offerings to the local community, strengthening its international footprint. The emphasis on growth and expansion reflects Muthoot’s commitment to fulfilling dreams and delighting customers, making it a valuable addition to our company directory.

+442074852668

5. H&t Pawnbrokers

★ ★ ★ ★ ★ 5,0/5

36-37 Chalk Farm Rd, NW1 8AJ, London

Pawn shop
Currency exchange service
Gold dealer
Jewelry store

Why we chose them

H&T Pawnbrokers stands out as a leading provider of financial solutions in the UK, with over a century of experience since its establishment in 1897. Known for its comprehensive services, the company offers a variety of options including pawnbroking, currency exchange, and gold dealing. Customers can also explore an extensive selection of new and pre-owned jewelry and luxury watches, making it a go-to destination for those seeking both financial services and high-quality items. With a strong presence nationwide and a commitment to efficient, confidential service, the company caters to diverse customer needs, providing expert advice and tailored solutions.

The company is particularly notable for its pawnbroking service, which allows clients to leverage their assets like gold, watches, and diamonds for quick cash without credit checks. The company also excels in buying gold, offering competitive rates for precious metals in any condition. Additionally, it provides a convenient travel money service with competitive exchange rates, and a reliable Western Union money transfer service. The company’s expertise is further complemented by a jewelry repair service, ensuring all customer needs are met under one roof. With multilingual staff available for assistance, the company is dedicated to serving its diverse clientele efficiently.

+442031301757

6. Muthoot Finance

★ ★ ★ ★ ★ 4,9/5

10 Tooting High St, SW17 0RG, London

Pawn shop

Why we chose them

Muthoot Finance Pawnbrokers GoldLoans is a prominent player in the financial services sector, renowned for its rich history and reliable services. Established in 1887 by Shri Ninan Mathai Muthoot, the company has significantly expanded its operations over the years. With a strong foothold in over 20 diverse industries, Muthoot Finance offers specialized services in gold loans, money transfers, and foreign exchange. The company is part of the Muthoot Group, a colossal conglomerate that serves over 6 million customers across India and has extended its trusted services to international markets, including the UK.

The global operations commenced in 2007, with the aim of bringing their brand of trust and quality to new frontiers. With a dedicated workforce of over 30,000 employees, the company prides itself on fostering a work culture that supports personal and professional growth. Known for its consistent presence in the news and numerous awards, Muthoot Finance is a symbol of growth and innovation. Their services cater to a wide range of financial needs, ensuring customers worldwide have access to trustworthy financial solutions.

+442086231881

7. Cash Exchange

★ ★ ★ ★ ★ 4,3/5

1387 London Rd, SW16 4AN, London

Pawn shop
Cell phone store
Consignment shop
Currency exchange service
Gold dealer
Jewelry store
Money transfer service
Second hand store

Why we chose them

Cash Exchange is a versatile and comprehensive service provider based in London and Morden, offering a range of financial and retail solutions. As a pawnbroker, they specialize in buying and selling second-hand goods, providing cash loans, and facilitating currency exchange. Their diverse services also include a cell phone store, consignment shop, gold dealer, jewelry store, and money transfer service. By offering a broad spectrum of services, Cash Exchange meets various customer needs, from pawnbroking and business loans to selling luxury watches and gold.

Authorized and regulated by the Financial Conduct Authority, Cash Exchange ensures secure and reliable transactions. They provide a convenient platform for customers looking to sell unwanted goods or acquire travel money, and they support business loans for enterprises seeking financial assistance. With additional offerings such as cheque cashing and the trusted Western Union service, they stand out as a one-stop solution for financial and retail needs, making them a valuable addition to our directory.

FAQs

What services do pawn shops in London typically offer?

Pawn shops in London commonly offer collateral loans, buying and selling of pre-owned goods, appraisals, layaway plans, and buybacks.

How do collateral loans work at a pawn shop?

Collateral loans involve securing a loan by using your valuable items, such as jewelry or electronics, as collateral. The loan amount is based on the item's appraised value.

What are the average interest rates for pawn shop loans in London?

Interest rates for pawn shop loans in London typically range from 3% to 10% per month, depending on the shop and the value of the collateral.

How can I choose a reputable pawn shop in London?

To choose a reputable pawn shop, consider factors such as customer reviews, ratings, interest rates, item selection, customer service, and location.

What is the typical price range for appraisals at pawn shops in London?

Appraisal fees at pawn shops in London usually range from €20 to €50, depending on the type and number of items being appraised.

How long do I have to repay a pawn shop loan?

The repayment period for a pawn shop loan typically ranges from one to six months, but it can vary depending on the shop's policies.

Can I sell my items and buy them back later at a pawn shop?

Yes, many pawn shops offer buyback options, allowing you to sell your items with the opportunity to repurchase them later, often within a set timeframe.

What should I consider when selling items to a pawn shop?

When selling items, consider the shop's reputation, the offered price, any fees involved, and whether you might want to buy the item back in the future.