Which Banks Are Refunding Timeshare Owners in 2023?
posted 28th September 2023
If you took out a loan with any of the below banks to pay for your timeshare, you could be entitled to a full refund, compensation, and any outstanding finance written off.
Recent decisions by the Financial Ombudsman Service and the High Court mean that the finance companies are responsible for settling successful claims.
Barclays Partner Finance have already paid out millions to mis-sold timeshare owners. If you took out a loan with them to purchase a timeshare product, the likelihood is that it was mis-sold, and you could be entitled to compensation.
Shawbrook Bank recently lost its High Court challenge against the Financial Ombudsman Service and is now paying compensation to Club La Costa and Diamond Resorts Fractional Points members. If you were mis-sold this product as an investment, you could qualify for compensation.
Hitachi Personal Finance has the same problem as Shawbrook, paying compensation to mis-sold Club La Costa Fractional Points Members.
Honeycomb Finance provided loans to members of the infamous Azure Malta investment scandal. And also Club La Costa Fractional Members.
Novuna Finance rebranded from Hitachi Capital (UK) PLC on the 14th of February 2022. If you took out a loan with either Hitachi or Novuna to purchase your Club La Costa Fractional Membership and were mis-sold it as an investment, you could qualify for compensation.
If you took out a loan with First Holiday Finance to purchase a Club La Costa Fractional Membership and were mis-sold it as an investment or a loan with Vacation Finance Limited at Azure Resorts in Malta, we could claim your money back.
Contact us to check if you qualify for free. If you are eligible for compensation, we will take on your claim without you having to pay a penny in upfront fees. Our success fee is only payable once you have received your compensation.
