posted 19th November 2023
History and experience tell us that the only surefire way to get paid timeshare compensation is by making a claim against the bank or lender that funded your timeshare purchase. Why is this? This is because UK Banks and lenders that provide finance for specific products, are held responsible for what they are lending you the money for.
As with the solar panel mis-selling scandal, thousands of British consumers were able to claim their money back and have their outstanding loans written off due to the solar panels being mis-sold at the point of sale.
Regulated claim experts, such as ourselves, hold banks accountable if consumers were mis-sold a product or service funded by a linked finance loan.
Our in-depth knowledge and experience of key industry areas, such as timeshare and expertise in financial regulations and lending, have enabled us to win timeshare compensation for thousands of victims across the UK.
Our dedication to standing up for victims against companies like Club La Costa and Diamond Resorts has led to lenders such as Shawbrook Bank, Novuna and Barclays Partner Finance being held accountable for timeshare compensation payments.
In a landmark decision on the 5th of May 2023, Mrs Justice Collins Rice of the High Court upheld the final decision of the Financial Ombudsman Service, which meant that thousands of Club La Costa and Diamond Resorts Fractional members that were mis-sold their timeshare as an investment can now claim compensation from their lender.
The following lenders are now all responsible to pay timeshare compensation to victims. Barclays Partner Finance; Shawbrook Bank; Hitachi Finance (Novuna); Honeycomb Finance; First Holiday Finance; Tandem Finance; Oplo Finance.
