Can someone recommend me similar looking loafers (preferably Burgundy) with a price range of £100 to £250.
Stuarts down Shepherds Bush. Can't vouch for quality. I prefer the sole stiching in the pic you posted. Not much of a fan of sewn-in vamps.
That said I've been by Loakes recently because they are good quality for the price (£200). I like the Embankments loafers because the vamp stitching is not as pronounced. Shame it looks like they don't do burgundy. http://www.loake.co.uk/catalogsearch/result/?q=loafers They now have a London store near Piccadilly http://www.loake.co.uk/shop/