posted 5th December 2023
Did you take out a loan with Shawbrook Bank to buy a timeshare? If so, you could be eligible for a full refund, compensation and your outstanding finance cancelled.
Why is this? Shawbrook Bank provided finance facilities to unregulated timeshare companies and timeshare companies illegally misselling timeshares as investments. The finance provided to victims is what is known as 'point-of-sale' finance'. Point of Sale finance is a niche financial product specific to a particular product or service—the same as what you would get when buying a sofa from DFS.
This isn't the first time Shawbrook Bank has been involved in a misselling scandal after having to refund millions of pounds to mis-sold solar panel victims. Point-of-Sale finance is promoted by Banks such as Shawbrook as a way of providing quick lending decisions for their customers. However, they should have realised that Club La Costa were committing numerous breaches of the 2008 mis-selling regulations and illegally selling. timeshare as an investment. Wether they knew, or not, Shawbrook Bank provided victims with a loan to pay for a mis-sold timeshare. Fortunately for victims, this type of finance is protected by the 1974 Consumer Credit Act, as such, thousands of mis-sold timeshare victims can claim their money back through Shawbrook Bank.
If you bought a timeshare and paid for it using the Shawbrook Bank finance facility, you could be eligible to receive the below benefits.
- A Full Refund
- Compensation
- Outstanding Finance Written Off
- Timeshare Cancelled
We are authorised and regulated by the Financial Conduct Authority (FCA). All of our services are without the payment of any upfront fees. So you only pay us if we win. We have an abundance of information on our website relating to timeshare claims. If you would like to ask us anything, please call.
