posted 26th July 2023
Club La Costa tried to take their members through a series of upgrades which often culminated with a purchase of a property at Regal Oaks in Florida.
The upgrade process was based on the mis-selling of timeshare as an investment. Fake trade in's and the re-finance of finance have left many members losing more than £100,000.
Due to the high court ruling on the 5th of May 2023, any Club La Costa member that was a Fractional Points owner can now claim their money back if they used Barclays, Shawbrook, Hitachi (Novuna), Honeycomb, or First Holiday Finance to fund their purchase.
Many of the Club La Costa members we have represented were told they could use their Fractional Ownership as a deposit for whole ownership rights at Regal Oaks in Florida. This misleading sales tactic led many members to falsely believe that purchasing the Fractional membership was an investment.
However, at the point of the upgrade into Regal Oaks, members were given a fake trade-in and left with their outstanding finance agreements that CLC didn't pay off.
The mis-selling sales tactics used by Club La Costa have led the banks that funded the purchase of the CLC Fractional membership to become responsible for up to 500 million in compensation claims.
If you purchased a Fractional membership with Club La Costa, and want your money back, get in touch. We do not charge any upfront fees; you only pay us if we win.
This is an example of a winning claim.
- Full refund of all money paid to the finance company.
- Compensation of 8% per year
- Outstanding finance written off
- Maintenance fee refund
- Membership cancelled