Claims Advice Line

Shawbrook Bank is widely recognized for offering timeshare loans to Club La Costa, Diamond Resorts, ANFI, and La Pinta Beach Club customers. This high-risk lending practice led to significant consequences, including losing a case in the High Court and becoming jointly liable for over £500 million in compensation payments to victims of the illegally sold timeshare fractional product. Furthermore, due to undisclosed commission arrangements, the bank may now face additional liabilities amounting to millions.

Shawbrook Bank supplied their loan service to sellers/brokers who didn't fully disclose the hidden commissions within these loans. The commission arrangement has remained a secret until now! Shawbrook loan customers didn't consent to a commission being paid and were never made aware of how much this commission would be. Those who took out a Shawbrook loan to buy a timeshare not only overpaid for their purchase due to the hidden commission but, to add insult to injury, paid considerable interest on the overpayment. This is most definitely a hidden commission. If you were unaware of it, you could not have given your informed consent for this to be added.

Shawbrook Banks' financial liability will now be groundbreaking. In addition to the millions they already owe in timeshare compensation payments, this could send shock waves through the company. Funding dodgy products and services is a risk that very few other lenders are prepared to take, and for good reason, as Shawbrook have now discovered.

If you took out a loan with Shawbrook Bank to buy a timeshare, even if your claim has already been rejected, get in touch. We will complete all the necessary checks and let you know if you qualify for a hidden commission claim.