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BRITS FIGHT BACK AGAINST EUROPEAN TIMESHARE ROGUES

For years British tourists have been harassed and mis-sold when holidaying by rogue timeshare developers. Now the tables have turned - owners have had enough and it looks like its game over for timeshare in Europe.

2021 brought crushing claims victories against Europe’s largest and most established timeshare developers.

The recent collapse and bankruptcy of European powerhouses like Silverpoint Tenerife, Azure Resorts Malta, Club la Costa Spain and Anfi Resorts in Gran Canaria has left up to 500.000 owners with memberships they can no longer rely on.

Huge numbers of owners are also demanding recourse over having paid maintenance fees for years during the pandemic, furious at paying for holidays they could never take.

There has been no shortage of success to date. Thousands of consumers have retained Europe’s largest and most successful claims management company, European Consumer Claims (ECC) and their associated firm of timeshare lawyers M1 Legal to help them achieve redress.

Credit providers in cahoots with high pressure timeshare operations are also firmly in the crosshairs. Barclays Partner Finance (BPF) have already been successfully challenged over their association with disgraced Maltese timeshare company Azure. An incredible £48 million in loans issued between 2014 and 2016 have been cancelled and payments repaid, with an additional 8% simple interest.

A solicitor collaborating with M1 Legal comments, “The BPF victory really is only the tip of the iceberg.” This is one finance house, at one timeshare resort, in one two year period. It opens the door to claims against all of the other alliances between timeshare companies and credit providers.”

“The FOS alone is currently facing a backlog of over 4,500 complaints which correspond to a claim value that we estimate at over £150 million. And that is just the people who have made the effort to complain.”

Andrew Cooper the CEO of ECC describes 2021 as having been “an incredibly challenging year for timeshare.” For the aggrieved timeshare consumer however, Cooper believes 2022 is promising relief. “Decisions are going in favour of the consumer, and it has never been easier for owners to both escape their memberships, and claim compensation against resorts which took advantage of them.”

Timeshare Holidays Left In Ruins?

  • Timeshare owners have enjoyed tens of millions in successful claims
  • ECC through our associate legal teams have achieved over 684 court victories
  • Average claim amounts are in excess of £20,000
  • Thousands of owners have been successfully released from their timeshare contracts

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