FINANCIAL SERVICES AND MARKETS ACT 2000
On 1st August 2018 a judgment was passed in the Royal Courts of Justice making credit agreements entered into through the intermediation of an unauthorised broker null and void. All borrowers who have suffered detriment arrising from the conduct of the broker may now be entitled to a full refund of all monies paid to the financial institution plus compensation.
LAW 42 - THE FIRST TIMESHARE LAW
Just before the millennium the first timeshare laws came into legislation. This law is known as "LAW 42". As specialists in our field we are fully up to date with all existing and new legislation relating to the holiday industry and the abundance of timeshare rackets.
HOLIDAY CLUBS AND MEMBERSHIPS
The majority of unhappy timeshare owners were lured into purchasing a club membership with the promise of being released from the costly burdens of annual fees etc... These memberships were nothing more than an expensive marketing ploy to extract payments from vulnerable clients for products not covered by existing timeshare legislation.
POINTS AND FRACTIONAL OWNERSHIP
A number of timeshare traders promote fractional products with claims of high resale values. This is purposeful so as to lure consumers to the belief that if and when they choose to dispose of the fractional ownership, the sale price is based on the sale of underlying, non-existant real estate values shared amongst the other fractional owners.
Disposing of timeshare is no easy matter. Navigating this niche and volatile sector of the timeshare industry can be daunting and sadly most people who try 'going it alone' do not get very far in the way of success. The need for Timeshare Disposal has arisen as a direct response to the change in the timeshare marketplace