posted 2nd December 2023
Shawbrook Bank provided funding for timeshare purchases at resorts across Europe. In our opinion, Shawbrook couldn't have found a riskier industry to give point-of-sale financing to. As you would expect, we receive hundreds of complaints from Shawbrook Bank timeshare clients every month, all eager to tell us the ordeal they have been through since buying a timeshare.
Some of the witness statements we receive from Shawbrook Bank timeshare victims read like a horror story. The financial, emotional and physical trauma some of these victims have suffered is incomprehensible.
It is fair to say that some of our Shawbrook Bank timeshare victims have had their lives changed forever, and not in a good way. Indeed, some of our clients have even died whilst waiting for justice.
For ten years, Banks such as Shawbrook Bank, Barclays Partner Finance and Hitachi Personal Finance, denied any wrong doing and fought to deny victims justice. This fight ended for them on the 5th of May 2023 in the High Court in London. Mrs Justice Collins Rice upheld the original decision of the Financial Ombudsman Service and made timeshare finance providers such as Shawbrook Bank responsible for compensation payments to Club La Costa and Diamond Resorts Fractional Ownership victims.
Club La Costa and Diamond Resorts were illegally selling timeshares as an investment. And in most cases, telling victims that they were buying a part share in a property and not a timeshare! As 'timeshare' has such a bad reputation, Club La Costa and Diamond Resorts tried to rebrand timeshare as a 'Factional Investment'. Using Shawbrook Bank to fund these illegally sold timeshares.
Whilst a conveyor belt of victims was continuously mis-sold, Club La Costa, Shawbrook Bank, and commission-based salespeople continued to profit from the mis-selling scandal.
If you have been affected by the Shawbrook Bank Timeshare Nightmare, get in touch. CLC and Diamond Fractional members have now been given the green light and can claim back what is rightfully theirs. Our 100% No Upfront Fee policy means you do not pay us a penny unless we win. Successful claimants can expect the below results.
- A full refund.
- Outstanding finance written off.
- Compensation of 8% per year.
- Maintenance fee refund.
- Membership cancelled.