Relinquishment

This is the process of Terminating your Timeshare. Many thousands of people in the UK have timeshare or holiday club agreements. Typically, people sign up for legal rights to a timeshare giving them exclusive access to the property (or apartment within a holiday club) for a set week or number of weeks each year.

However, getting out of a timeshare contract can be extremely difficult.

Although some resorts assure owners that they can walk away from timeshare contracts on request, in reality the situation is not so clear cut. It is in the resort's interest to keep you tied into your contract and responsible for paying ongoing fees and charges.

A number of our clients had been trying to extricate themselves from timeshare ownership contracts unsuccessfully for a number of years. We provide timeshare owners with a cost effective, straightforward timeshare release service which means you are no longer legally viable for ongoing fees and rising maintenance costs.

What is Relinquishment?

Often known as timeshare release  which means cancellation of your Maintenance Contract where you are no longer legally liable for ongoing fees and rising maintenance costs.

What is In Perpetuity?

​A great deal of Timeshare companies have contracts with an ‘in perpetuity’ clause within it. In simple terms these contracts can become an asset of the estate upon death and as such may be passed to your children or beneficiaries resulting in them having to pay for the Timeshare for their lifetimes. Now this can be seen as a benefit or a nightmare depending on your perspective as to the benefits of Timeshare.

If you have any concerns regarding this or need to seek clarification do not hesitate to contact us immediately.

How Long will it take?

From submission, usually 6 – 8 weeks.

What is my Claim going to Cost Me?

A fixed fee is charged, and only upon a successful conclusion.

Are there any upfront fees?

None whatsoever.

​What do I do if I have any questions?

You will be appointed your own personal advisor who will be on hand at all times for any questions you may have.

OK I am interested, what happens next?

If you were contacted by a Representative they will contact you again in the next few days to answer any questions or queries you may have and submit your details. Alternatively, you can click here. Following this, a Compliance Officer will call you to take you through the whole procedure.

Section 75 FAQs

 

What is Section 75?

 

In short, Section 75 of the Consumer Credit Act 1974 provides a legal route for compensation for all monies paid.

​Section 75 of the Consumer Credit Act 1974 gives consumers a legal claim against their credit card provider when they purchase an item or service that costs between £100 and £30,000 and the company providing the item or service has made a misrepresentation or has committed a breach of contract.

 

What is a Misrepresentation?

 

A misrepresentation is a false statement of fact made by one contracting party that wholly or partly induces the other contracting party into the contract. A fraudulent misrepresentation is a statement made either knowing it to be false, without belief in its truth, or recklessly as to whether it is true or false.

 

Is there a time limit in which to bring my claim?

There is a limitation period of 6 years. However, you are able to claim from 3 years after you reasonably became aware of the breach of contract and misrepresentation. Our trained advisors well be able to advise you on this.

I paid by debit card, can I make a claim?

Unfortunately not. Claims under section 75 of the Consumer Credit Act relate to purchases on a credit card or a Point of Sale loan only.

 

What is the most I can claim?

 

Provided any initial payment on your credit card is over £100 and the overall value of your purchase is less than £30,000, you could be entitled to a full refund. However if your claim is over £30,000 you could take Class Action proceedings.

 

How long would I have to wait before finding out if my Section 75 claim is successful?

 

The length of time a claim takes to process will depend upon a number of factors, such as the type and complexity of a claim. However, as a general guideline successful claims are usually settled within three months.

 

What if the lender refuses my claim?

Provided you have a justifiable claim we will escalate the claim to the Financial Ombudsman Service (FOS).

 

Who is the FOS?

The Financial Ombudsman Service is the United Kingdom's official compensation expert in settling claims between Individuals and businesses in regards to Financial Services.

 

Who is the claim made against?

 

We are not claiming against any specific Timeshare company or resort (some of which no longer exist), the claim is against the Bank(s) that granted finance to make the purchase.

What is my Claim going to Cost Me?

 

30% + VAT of any monies recovered and only upon a successful conclusion 

​Are there any upfront fees?

None whatsoever.

​What do I do if I have any questions?

 

You will be appointed your own personal advisor who will be on hand at all times for any questions you may have.

 

OK I am interested, what happens next?

 

If you were contacted by a Representative they will contact you again in the next few days to answer any questions or queries you may have and submit your details. Alternatively, you can click here. Following this, a Compliance Officer will call you to take you through the whole procedure.

 
 

Register in just 3 simple steps:

timeshare compensation claims & relinquishment company logo

Harrison Moorcroft Limited

Unit 3B City Business Centre,

Brighton Road,

Horsham,

West Sussex, RH13 5BB.

Telephone: 0800 684 8686
 

Copyright © 2018 Harrison Moorcroft Limited.

All rights reserved.

Company Number: 11171136.

VAT Number: 288045183

Interim Authorised by the Financial Conduct Authority, registration no.: FRN836472