Financial Ombudsman Service
The Financial Ombudsman Service (the FOS) are the UK’s largest free alternative dispute resolution service.
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The Financial Ombudsman Supporting UK Consumers Banks
It is purported that over 500,000 UK citizens were sold timeshares, from its height in the early eighties to the present day.
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9 + Years Of Experience
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It is generally accepted by the wider public that timeshares are aggressively marketed and mis-sold by the timeshare resorts. Thousands of timeshare owners trying to exit their mis-sold timeshare products have succeeded in their legal challenge. For over nine years now, Claims Management companies and regulated law firms alike have been fighting the timeshare industry and their financiers, the UK banks, to bring claims against the financial institutions involved in indiscriminately and aggressively mis selling their financial products.
We have heard stories about people enticed by a free holiday if they agreed to attend a ‘short’ presentation. Some consumers tell us they were in a financial difficulties, on limited incomes or were retired and were still accepted for a timeshare loans over lengthy periods of time. Scant financial details were taken before they were approved for a loan.
The most trusted Timeshare Website in the UK
In May of 2023, in the High Court in London, the financial institutions were defeated in their challenge to the Financial Ombudsman Service’s (the “FOS”) decision that fractional timeshare products were mis-sold to consumers.
The defeat at Judicial Review should have ended a long-fought legal battle for timeshare consumers. However, the banks and the FOS appear to be frustrating the process whilst further attempting to deny timeshare owners access to justice.
Now, seven months after the Judicial Review, the vast majority of timeshare consumers are still awaiting settlement of their claims. The banks are still raising spurious arguments and rejecting allegations that fall squarely within the parameters of the Judicial Review ruling.
Banks & Compaines
The banks and companies involved in bringing and defending timeshare claims and highlight the continuing struggle to bring about Access Justice for the consumer.
Novuna Personal Finance
Novuna Personal Finance is part of Mitsubishi HC Capital Inc., led by Mr Robert Gordon, the Chief Executive Officer.
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Shawbrook Bank
Shawbrook Bank is a name many will be unfamiliar with as they are a specialist lender, unless that is if you are a timeshare owner.
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Barclays Partner Finance
Barclays Partner Finance, formerly Clydesdale Financial Services, is another prolific timeshare financier.
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How Can We Help?
We are here to expose the behaviour of some UK Banks' mis-selling of financial products in the Timeshare industry over twenty years. It is purported that over 500,000 UK citizens were sold timeshares, from its height in the early eighties to the present day. It is generally accepted by the wider public that timeshares are aggressively marketed and mis-sold by the timeshare resorts.
