Brian Armstrong

The timeshare industry has changed many times over the years. Timeshare owners have been subjected firstly, to buying weeks, then points and subsequently fractional investments. All of these on the false promise of getting better holidays and finally a return on their investment.

Many timeshare sales companies have since closed down due to lack of new sales and confidence in the industry. The majority of the weeks are now rented online to non-owners so the companies can gain extra income. This leaves the existing owners with a lack of availability and increasingly high maintenance fees. With many contracts being fifty years in duration, owners are trapped and seeking the advice of timeshare relinquishment companies.

When seeking advice from a timeshare relinquishment company it is imperative to make sure that the relinquishment actually releases the owner from their obligations completely and the owner receives this in writing from the resort and not just an indemnity from a third party.

Claiming the money back, where possible, can be done in several ways. The main routes being the Courts, Section 75 (if any portion of the contract was paid on a credit card ) or if a linked finance was supplied by the timeshare company. All Claims Management Companies must now be FCA registered.

At Bronze Services Europe Ltd we understand this can be very confusing and we are here to help. We offer a no win, no fee solution to your problem.