Mis-sold Timeshare

The words ‘timeshare’ and ‘investment’ should never be seen in the same sentence unless that sentence is ‘timeshare is not an investment’. Nonetheless, many people have been sold timeshare on that very premise.

You may have been told something similar when you signed up for your timeshare. If so, that could be grounds for nullifying the contract on the grounds of misrepresentation.

If you were told that your timeshare would ‘increase in value’, or words to that effect, then you were, to be frank, lied to. All investments must be covered by a specific, official regulatory body. In the UK, it is the FCA, but it is different in every country. Look for the official logo on your timeshare documents – the chances are you will not find it.

The difficulty lies in proving that you were sold the timeshare on the basis of it being an investment. The first thing you’ll do, on reading this, is to go through the contract, website, and any brochures you may have to see if it is mentioned anywhere in writing. This is, however, unlikely. Timeshare companies know all too well that they are not allowed to sell timeshare as an investment. So, most of the time, it will come down to what you were told during the presentation or sales pitch.

This clearly creates problems, as there is no way of proving what was actually said during a verbal conversation or timeshare presentation. Unless you have reliable independent witnesses or a recording, proving that you were promised an investment can be hard. However, it’s not insurmountable.

TIMESHARE MIS-SELLING

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Questions or Concerns

We can provide free initial advice to investigate whether you may have a timeshare claim; our experienced team may be able to assist in recouping those losses even if the company you dealt with are no longer trading.

Our service is on a ‘no win no fee’ basis and we will never ask for any money upfront. If you are successful our fees are fixed. We are aware of firms contacting people that claim they can help recover such losses but requesting payments upfront. Unfortunately, this is simply likely to be another scam.

You have a 6 years limitation period from the date of entering into the agreement.

If a company requests an upfront fee or deposit for reselling your timeshare then this is likely to be another scam. Be cautious and don’t commit to anything over the telephone.

Yes, even if the company who sold you the timeshare have disappeared we can still help to reclaim costs from both initial timeshare mis-selling and timeshare resales.

If your timeshare was sold in perpetuity and you were told the agreement would be passed on to spouse or dependents, this may not be the case and we can your review your contract for you.