timeshare exiting

Alan_Bowen

They want the only documents you have to prove ownership and £2K plus VAT, I don't think so. In fact, their accounts would suggest their turnover is so low that they wouldn't even be registered for VAT. The two directors appear to be the only staff according to their accounts, they operate from a virtual office which claims you can have an address there for £1 a week, presumably to simply forward on mail. Does any of this would sensible?

Archergirl

We owned at Westgate in the USA, they took it back for the equivalent of one years maintenance payment, happy with that...

garysue4

Alan_Bowen said:

They want the only documents you have to prove ownership and £2K plus VAT, I don't think so. In fact, their accounts would suggest their turnover is so low that they wouldn't even be registered for VAT. The two directors appear to be the only staff according to their accounts, they operate from a virtual office which claims you can have an address there for £1 a week, presumably to simply forward on mail. Does any of this would sensible?

Thanks you.  I will try and contact the resort direct.  Fingers crossed.

TadleyBaggie

Hmmm. TTT were only incorporated within the last year but claim to have been operating since 2014. No accounts published. Smells fishy to me.

Archergirl

peterphelps said:

We used Timeshare Termination Team in Truro . Got us out and didn't take any upfront fees . really pleased with them . 
www.timeshareterminationteam.co.uk

Ummmm first post, suspicious? Lol  not much....stay away xx 

TELLIT01

TadleyBaggie said:

Hmmm. TTT were only incorporated within the last year but claim to have been operating since 2014. No accounts published. Smells fishy to me.

Maybe numerous changes of company name etc, but with the same ownership?  Easy way to to hide the history of the company and of those actually running the companies.

janer1234

My mum is in the same boat - they have paid thousands and are still trap. How does she get out? 

Pollycat

janer1234 said:

My mum is in the same boat - they have paid thousands and are still trap. How does she get out? 

Have you read all of the thread (it's only 2 pages)?

There's some advice from someone who used to have a timeshare.

oldcelt

Has anyone simply given notice of termination to the company and refused to pay management fees. I'd be interested to know if the company has attempted legal action and what actually happened. Thanks

TELLIT01

I suspect the outcome of such action would depend on where the timeshare is, and if the company has the desire to go to court. 

I owned with Maconalds Resorts, in the UK.  Their maintenance fees had become ridiculous and they agreed the people could buy their way out by paying 4 times the annual maintenance fee, which I did.  They also made it very clear that they would take court action against anybody who simply stopped paying the MF.