Edwin Coe represents a group of Claimants in legal proceedings arising from timeshare products sold by Resort Properties Limited or Ebony Marketing Limited trading as Resort Properties. Resort Properties Limited (now Silverpoint) is a resort property developer and operator, and sold timeshares of holiday properties in England, Scotland, Spain, Austria, Tenerife, Australia and America.
Generally, Claimants were invited by a representative of Resort Properties to attend a presentation in relation to the purchase of timeshares. An incentive was offered for them to attend and this was usually a “free” week’s holiday in one of their timeshare resorts. As a condition of accepting the holiday the individual would be required to attend a presentation in relation to the purchase of timeshare products.
At the presentation, attendees were told of the benefits of buying a timeshare. Claimants say that the true nature of what they were buying was misrepresented to them. They claim that they were told that the timeshare product would be resold by Resort Properties within two years at a profit and that resale would be easy as there was great demand. In the meantime it is said that the timeshare could be rented out to cover the cost of the maintenance fees and loan repayments. Further, the claimants say that they were told that the contract price was the total monies due from them. Each of the Claimants claim that they discovered the representations were untrue only sometime after the representations were made, and in all cases, a long while after the cooling off period had expired.
In order to finance the purchase of the timeshare product the Claimants were asked to enter into a loan agreement with Barclays Partner Finance. Attendees left the meeting with either points or timeshare weeks having entered into an agreement with Clydesdale Financial Services Limited trading as Barclays Partner Finance. The representatives of Resort Properties were authorised to provide pre-arranged lending through Barclays Partner Finance and as such were acting as their agents.
Proceedings were issued in the High Court against Clydesdale Financial Services on 6 August 2014 with a view to seeking cancellation of the contracts and repayment of any monies paid.
If you are an aggrieved Resort Properties timeshare purchaser or have any questions please contact Edwin Coe.
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