Demand more money for your Sparkle!
Our clients think of us as their personal bank. Specialising in short term finance, we operate a very private and discreet service that our clients can trust and rely on. We can offer guaranteed short term finance from £500 upwards (no maximum) against valuables that you already own, for example watches, art, jewellery and antiques.
Dear Introducer
As anyone in the financial services industry will tell you, the past year has been a turbulent one for even the most innovative of brokers. With the majority of lending institutions tightening their underwriting criteria and becoming decidedly risk-averse, brokers have been unable to help large numbers of asset-rich, cash-poor clients that have come to them seeking credit - until now.
www.sparklemoney.co.uk has been launched by industry experts who appreciate that in the current climate, mortgage brokers must diversify in order to keep winning.
Offering brokers the opportunity to earn money and help the clients that previously would have been turned away, Sparkle Money understands that whilst clients may not have the cash, they often have the collateral for a loan in the form of jewellery, watches and other valuables.
From the point of contact, your client can receive their loan in as little as three days. Once the item has been sent to us via a pre-paid courier service and valued, identification checks are run and the money is then transferred to the client. After six months, the loan is redeemed and the valuable returned safely to the client.
Commission
Commissions paid to the broker by fast transfer once a month on all loans attributed to their account . Please call to discuss our market leading rates.
With a fully-insured, discreet service and market leading interest rates, let Sparkle Money show you and your clients the new face of bespoke online pawn broking - contact us today on 0845 8720353
How it works
It’s discreet, safe, secure and immediate. To find out more click here.
Your valuables are appraised, finance is then immediately available.
Your valuables are stored in our secure vaults and we transfer the finance into your account
You repay the finance and we return your valuables to you safe and secure
Sparkle Money FAQ’s
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What kind of valuables do you accept?
We accept most types of jewellery, including all pieces containing gold, platinum and diamonds. We also lend on luxury and fashion brand watches, antiques including furniture and collectables, art and other luxury items, such as cars.
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How do I send the valuables to you?
We use Royal Mail Special Delivery Shipping Service and have the highest covering insurance policy in the market, of up to £30,000 in transit. We will send you a free, fully-insured Special Delivery pack and ask you to drop it off, along with your item, at your nearest Post Office.
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Do I need to send any documents?
No documents need to be sent with the valuable. Once we have received your item, we will contact your client for proof of identification.
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How fast is the process?
The process can take as little as 3 days from the point of contact. Once you have sent the item and we have received and valued it, identification checks are run and the money can be transferred immediately.
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Will my client’s credit rating be affected?
Your client’s credit rating will not be affected. As part of our legal compliance we are required to carry out identity checks, however these are not credit checks.
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Where will my client’s goods be stored? Are they insured?
Your client’s goods will be stored safely in the vaults at our prestigious Hatton Garden headquarters in central London. We have the highest covering insurance policy in the market, meaning that items can be insured for up to £30,000 in transit and for an unlimited amount in the vault.
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Who values the items?
We have highly qualified, specialist valuers based in Hatton Garden who are fully trained and hold qualifications from industry bodies, including the National Association of Goldsmiths.
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What’s the minimum/maximum amount you will lend?
The minimum amount we lend is £500, and there is no maximum.
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What interest rate will my client have to pay?
Our interest rates vary depending on the amount borrowed. For loans under £1,000 the interest rate is 5% a month. For all loans over £1,000 we charge a market leading rate of 4% a month.
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When does the loan have to be redeemed?
The standard duration of the loan is 6 months, however after this time period it is possible to extend the loan, subject to approval.
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What happens if my client can’t repay the loan?
In the event that your client can’t repay the loan, their item will be sold for the best price achieved to recover the amount borrowed, any outstanding interest and any costs incurred in selling the item. Your client’s credit rating will not be affected and any surplus is sent back to them.
You can track your valuables on their way to us. Please,