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Recent Victories

Timeshare Claims biggest week ever recorded - Seventy Six positive awards valued at £2,837,587.

Timeshare Claims biggest week ever recorded - Seventy Six positive awards valued at £2,837,587.

We are delighted to inform you of the biggest week ever of Spanish court victories achieved. Timeshare specialist firm of lawyers M1 Legal secured an incredible SEVENTY SIX positive awards with a total value of £2,837,587.

Here is a breakdown of our substantive results:

1st Court of Instance:

  • Silverpoint - In Arona, court No. 3, a Court Agreement was reached with Silverpoint Vacations SL. and the judge has signed it.  Amount Awarded - £100,139.
  • CLC Sucursal x 3 - In all three cases, the judge declared the contract null under the law 04/2012 for lack of information regarding the accommodation. Amounts Awarded - £23,019, £26,354, £11,030.
  • Marriott - In Marbella court No. 5, The nullity was confirmed due to lack of information regarding the accommodation. Amount Awarded - £10,150.
  • CLC Continental - In Arona, court No. 3, the judgement declared the contract null under the law 04/2012 for lack of information regarding the accommodation. Amount Awarded - £17,313.

Appeals:

  • CLC Sucursal x 2 - In the Court of Appeal No.4 Malaga, in both these cases, the judgement has been confirmed from the first instance that declared the contract null due to lack of information (accommodation and contract duration).  Amounts Awarded - £14,636, £10,114.
  • CLC Continental - The Malaga Court of Appeal recognises that it is appropriate to return the total amount of the loan as damages against the seller (CLC Continental) without suing the English bank. Amount Awarded - £22,300.
  • Anfi - In the Court of Appeal No.3 Las Palmas, it was confirmed that the judgement from the first instance still stands whereby the contract was declared null due to lack of information regarding the accommodation and contract duration. Amount Awarded - £11,939.
  • CLC Sucursal - The Court of Appeal has turned down the decision of the first instance which had dismissed our claim. The court has declared the contract null due to lack of information regarding the contract duration. Amount Awarded - £19,598.
  • Regency Vacations - The Court of Appeal has turned down the decision of the first instance which had dismissed our claim. The court has declared the contract null due to lack of information regarding the accommodation. Amount Awarded - £32,500.

Two Class Actions with a total award amount of £2,527,375

  • Silverpoint x 62 - We have received positive results from two out of three class actions presented before the Mercantile court regarding 62 cases against Silverpoint. The grounds of the nullity are lack of information regarding the accommodation and contract duration.  More information on this next week.
    1. Class Action 1 - 38 cases - total awarded £1,797,947.
    2. Class Action 2 - 24 cases - total awarded £729,428.

About Timeshare Release

During the Timeshare sales boom of the 80s & 90s, potential buyers were lured in by the promise of affordable exotic holidays, flexible exchange programmes and the impression that Timeshare would be a valuable "investment".

In an industry with little or no regulation, high pressure sales tactics were rife and contract smallprint was often glossed over and explained away by sharp salespeople.

Many Timeshare buyers were therefore unaware that they were actually making significant, long term financial commitments on behalf of themselves and their families.

To find out how you can escape the Timeshare Trap please complete the short Timeshare Release Wizard now.

The Timeshare Trap

The timeshare trap

For many Timeshare owners, annual maintenance fees were barely considered token amounts in the early "honeymoon period" of ownership.

However, year-on-year increases imposed by the resorts over time now mean that the maintenance fees have risen to become substantial sums.

Owners are also facing the prospect of ongoing yearly fee increases and realising that they (and their families) are often committed to long term contracts for generations to come.

Please try our Future Fees Calculator to estimate your liabilities over the term of your Timeshare contract, based on an annual increase of 7.5%.

If you're concerned about rising fees and how to escape the Timeshare Trap, please contact us today.

Timeshare Owner Reports

Timeshare owner reports

Recent comments from RCI Timeshare owners who have come to us for help with contract cancellation:

Mr Steve R, Middlesex - RCI/Hollywood Mirage

“We 'swapped ‘another place in Tenerife for this in order to move to the points system. Since then, getting exchanges to desirable resorts proves almost impossible, irrespective of in-season or off-season.”

Mrs Rachael B, Yorkshire - RCI Europe

“I purchased my timeshare in 1999 and have been a timeshare member ever since. More often than not, I have not be able to go where I wanted and have ended up giving a few weeks to Friends, etc to book somewhere they wanted in order not to lose the weeks. I have then stayed in a hotel!! I am desperately trying to get rid of the timeshare and am now paying Timeshare Shop in Manchester to get rid of it for me.”

Read more...