PROMOTION
Unlock the VALUE Suttons and Robertsons is emerging as the high street lender of choice for the middle classes Stepping through the doors of Suttons and Robertsons’ Old Brompton Road store, you could be forgiven for thinking that you were walking into Graff, Tiffany & Co. or any number of the world’s most revered jewellers. Suttons and Robertsons, however, is a pawnbroker – with a difference. Unlike some forms of borrowing, pawnbroking loans are secured against belongings – traditionally high-value watches and jewellery – so they can be more straightforward and more convenient than applying for bank loans or credit cards. High-end pawnbroker Suttons and Robertsons, which began trading in 1770, can offer loans of up to £1 million against assets from fine art to cars and jewellery. Its team of experienced valuers use their expertise to assess an item’s worth. The loan offered to the customer is then generally calculated at 60 per cent of the item’s value. The item is redeemed by repaying the loan and interest within an agreed time frame – usually six months. Jim Tannahill, managing director at Suttons and Robertsons, comments: “With banks clamping down
the KENSINGTON & CHELSEA magazine
on lending we are seeing an ever growing demand for our services with more and more people realising that they own valuable items that they can use as collateral. We offer people the opportunity to release money locked into their own possessions to help them manage their finances, providing an efficient way to borrow cash. Common reasons for pawning include paying school fees and utility bills or to fund urgent property maintenance work. “We also get many business customers using our services – everything from entrepreneurs needing access to cash for a start-up venture, to business owners freeing up cash to pay suppliers and cover overheads.” Suttons and Robertsons currently has eight stores, four across London and in St Albans, Manchester, Birmingham and Liverpool. In addition to pawnbroking Suttons and Robertsons’ valuers – registered with the National Association of Goldsmiths – can provide valuations in both the home and workplace. For more information please visit www.suttonsandrobertsons.com
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