posted 20th October 2023
Did you purchase a fractional share of an apartment at Santa Barbara Golf and Ocean Club in Tenerife from Diamond Resorts? Were you told it was an investment that you would profit from? If so, the Financial Ombudsman Service and the High Court have ruled that the product was illegally sold as an investment, and you have the right to claim your money back.
Diamond members were led to believe that owning a percentage holding in one of Diamonds Resorts would enable them to use the point system until their property holding was resold. Simply put, this was another way to take advantage of their members by trying to convince them that what they were buying was an investment, not just another timeshare!
The Diamond Resorts Fractional Property Owners Club financed victims through Barclays Partner Finance, Shawbrook Bank, Hitachi, Novuna and Tandem Finance. If you took out a loan with any of these companies to fund your purchase, you could be entitled to claim compensation with us.
If you think you were mis-sold and would like to make a 100% No Upfront Fee claim, we can help. Simply fill in a contact us form on our website or give us a call on 01691 223 112. One of our team will qualify your potential claim and tell you everything you need to know.
