When you borrow money from a pawnshop, the amount is determined by the value of your asset. The pawnbroker will offer a loan based on the value of the item, this will usually be a percentage of what the item is worth. This is known as loan to value (LTV). The LTV could be 70%, so in this case, a loan against a £10,000 item with an LTV of 70% would be £7,000. Because of the way in which pawnshop lending works, there is some room for negotiation in regard to loan prices and interest rates. For example, you may be able to negotiate a loan with a higher LTV such as 80%, which against an item worth £10,000 would mean you'd be given a loan of £8,000. Negotiation is very much an accepted part of pawnbroking, a pawnbroker may be open to offering a better price on items depending on your personal circumstances, loan length, and other factors. Pawnshop interest rates are reasonable compared to other forms of finance and are more flexible than determining the value of an item of the LTR of a loan.