Timeshare with Barclays Finance loan

jojo497

Hi there, looking for some advice please. We bought a timeshare at Golden Sands in Malta in 2018 and
have clearly been taken for a ride, We were given a hard sell on the day and told our contract with them was five years. It now transpires that the contract is actually to run for another 25 years,  I do not know how we did not notice this at the time ! but anyway I need to remove myself from the finance element of it, As we do not use it and cannot afford to continue payments for something that isn’t really what we were led to believe in the beginning. The company has now gone into liquidation and I also understand that I may be able to stop the loan under section 75. Do I need a lawyer to do this or can I do this myself, has anyone else had experience of this. Advice would be much appreciated!

[Deleted User]

What would be the nature of your claim under section 75?

It's not something that would involve a lawyer.  You need to explain to the credit provider how you didn't receive the contracted products or services.

chanz4

section 75....thought that was credit card not loans?

SnowTiger

chanz4 said:

section 75....thought that was credit card not loans?

Some loans too.  Such as when money is paid directly by the lender to the company providing the product or service.

Presumably in the OP's case, Golden Sands arranged the loan and it was paid directly from Barclays to Golden Sands.

inspectorperez

https://www.maltatoday.com.mt/news/national/93169/golden_sands_timeshare_loans_investigated_over_misselling_by_uk_watchdog_

You maybe aware of this news from early 2019 as published in Maltatoday. If not, it may be helpful and worth investigating further.

SnowTiger

jojo497 said:

Hi there, looking for some advice please. We bought a timeshare at Golden Sands in Malta in 2018 and
have clearly been taken for a ride, We were given a hard sell on the day and told our contract with them was five years. It now transpires that the contract is actually to run for another 25 years,  I do not know how we did not notice this at the time ! but anyway I need to remove myself from the finance element of it, As we do not use it and cannot afford to continue payments for something that isn’t really what we were led to believe in the beginning. The company has now gone into liquidation and I also understand that I may be able to stop the loan under section 75. Do I need a lawyer to do this or can I do this myself, has anyone else had experience of this. Advice would be much appreciated!

https://www.timeshareterminationteam.co.uk/claims/azure-resorts-claims?gclid=Cj0KCQjw_ez2BRCyARIsAJfg-ktdSos4nhjQ9NCw97PkWvr3n8V9eADIXVGUj7L6OfeUfWrFP1rhT60aAmvCEALw_wcB

https://www.moneysavingexpert.com/shopping/section75-protect-your-purchases/

Contact Barclays Partner Finance directly.  You don't need a lawyer

They are more than likely aware of what's happened.