We are please to inform you of last weeks Spanish court victories. The legal team at M1 Legal secured 12 awards totalling £212,782
There were 6 awards against Club la Costa totalling £91,770 - The nullity of the contracts was determined by the lack of information (property and when they could use it). There was also an award against Onagroup's Resotel & Medhotel, the nullity was for the same reasons as above and the amount awarded to the client was £34,330.
Diamond Resorts also lost a case that went in our favour and it also was won based on the lack of information (property and when they could use it) in the contract, £20,238 awarded.
The Court of Appeal has ruled in our favour against Fuerteventura Life and denied all points raised. They were also instructed to pay court costs. £9,200 Awarded. There was also 3 appeals secured in our favour, all of which CLC has to now also pay court costs. Total value of these cases £57,240
M1 legal secured 4 jurisdiction victories last week valued at £45,696, two of them were against CLC and two against Diamond Resorts. The defense challenged the cases being heard in Spanish jurisdiction. Three victories were the initial jurisdiction hearing, and one was a victory on an appeal. All jurisdiction cases will now proceed to the next step.
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.
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.
Recent comments from RCI Timeshare owners who have come to us for help with contract cancellation:
“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.”
“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.”