Timeshare compensation success – a great end to 2017

2017 has been a good year for timeshare owners. Backed by the support of the court system, they have been able to take on timeshare companies like never before. The legal ball began rolling early in 2015, when the Spanish supreme court ruled that ‘in perpetuity’ timeshare contracts – i.e. those lasting for longer than 50 years – were illegal.

The decision was the beginning of a snowball effect, as timeshare owners began to envision a future where they were no longer trapped in onerous contracts with steeply rising maintenance fees.

“The shifting legal landscape has meant that an increasing number of timeshare owners have become aware of their options and have taken to the courts to claim compensation as a result of mis-selling tactics and contracts that are now considered illegal.”

Jodi Beard, Timeshare Compensation

In the most recent example of a client success story, the independent specialists at ABC Lawyers supported a client to exit their timeshare ownership in Madeira. The client purchased the two-week timeshare in 2009 but was seeking to exit the contract. ABC worked with the timeshare resort and with Lansdown Financial Ltd to achieve an amicable exit agreement.

“Negotiation was the key to this client’s success. By working with professional, supportive services that maintained the client’s interests at the heart of the process, they were able to make a solid case for compensation. The negotiation resulted in the client being able not only to exit the timeshare contract, but also enjoy compensation to the tune of £14,000.”

Mark Rowe, ABC Lawyers 

The level of compensation awarded differs from case to case. There are a number of variable factors, from the length of time the contract has been held, to the value of the property, to the content of the contract itself (‘floating weeks’ products, for example, are now considered illegal). Timeshare Compensation’s online compensation calculator is a good starting point for anyone interested in understanding their potential compensation claim.

“Claiming timeshare compensation is a research-intensive process. Clients need to compile all paperwork related to the original purchase – not just the contract but emails, letters, bank statements showing when payments were made and in which currency… The compensation calculator is a good way for clients to work out whether the process could be worth the effort and time it will take to pull everything together.”

Jodi Beard, Timeshare Compensation

Following on from the successes of the past year, 2018 looks set to be another big year when it comes to timeshare owners standing up for their rights and challenging the industry’s big players. The support of professional organisations will be key to many individuals’ success as part of that process.

For more information, please visit www.TimeshareCompensation.co.uk, call 0800 046 5855 or email Info@TimeshareCompensation.co.uk.

Timeshare Compensation and Timeshare.lawyer are a trading names of Advanced Business Consultants Legal SL.

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