Do you have an unwanted timeshare in Spain?
Would you like to cancel you timeshare contract and claim up to double your money back plus interest? If so, Worldwide Lawyers can help.
Contact Worldwide Lawyers to see if you can cancel your Spanish timeshare and get your money back. We will put you in touch with a timeshare claims specialist lawyer with a 100% success rate in making timeshare claims. Contact us on 01244 470 339 or at firstname.lastname@example.org.
Timeshares in Spain do not generally have a great reputation and are commonly associated with unscrupulous timeshare sales people applying high pressure sales tactics to sell timeshare agreements which provide little or no value to the buyer.
Timeshare obligations can often become an expensive burden that the owner no longer wants or can afford. Timeshares in Spain are often difficult or impossible to sell on for a price anywhere near the amount paid, if at all. In some cases owners can find that is very difficult to actually book or use the timeshare they are paying for meaning they are stuck with a costly timeshare that they receive no benefit from.
If this sounds familiar, you may be interested to know that as a result of a number of Spanish Supreme Court decisions in 2015, you may be able to cancel your Spanish timeshare and get your money back.
How can I cancel my timeshare contract and how much can I claim?
In 2015 the Spanish Supreme Court held that certain timeshare contracts entered into after 5th January 1999 are illegal and can therefore be cancelled and entitle the purchaser to claim a refund of the following:
- The cost of the timeshare (any amount paid in the first 3 months of signing the contract can also be doubled!).
- Maintenance costs paid since the contract was signed (even if you have used or exchanged some of your timeshare weeks).
- Interest (from the date of registering your claim with the Spanish courts)
- Legal Fees
Mr and Mrs Smith paid €10,000 for their timeshare in 2005. They paid the full purchase price within three months of signing the contract.
In addition they paid maintenance payments of €350 per year for 13 years from 2005 to 2017.
Mr and Mrs Smith could claim:
€20,000 (£10,000 x 2 as they paid the full amount within the first 3 months).
€4550 (€350.00 x 13 reimbursed maintenance payments)
Total: €24550 plus Interest (interest calculated at the date the claim registered with the court).
Mrs Singh paid €15,000 for her timeshare in 2003. She paid half the purchase price (€7,500 within three months of signing the contract and the other €7,500 afterwards). In addition she paid maintenance payments of €400 per year for 15 years from 2003 to 2017.
Mrs Singh could claim:
€15,000 (€7,500 x 2 as first half of the purchase price was paid within the first 3 months).
€7500 (as the second half of the purchase price was paid after the first 3 months).
€6000 (€400.00 x 15 reimbursed maintenance payments)
Total: €28,500 plus Interest (interest calculated at the date the claim registered with the court)
Can I get a refund for my timeshare in Spain?
If you have a Spanish Timeshare and any of the following are true, contact Worldwide Lawyers as you may be able to make a claim:
- Your Spanish timeshare contract is for an unlimited period of time, i.e. in perpetuity or ‘forever’ or for a period of more than 50 years;
- Your Spanish timeshare contract does not specify the accommodation you have a right to use or the week(s) when you are entitled to use it, e.g. your contract is for ‘floating weeks’ or you purchased timeshare ‘points’;
- Your contract does not include information about your right to cancel or terminate it following purchase.
Worldwide Lawyers will be able to put you in touch with a lawyer specialising in timeshare claims who will be able to provide a free, no-obligation assessment of your timeshare claim.
The assessment will advise you:
- If you have a viable claim,
- The value of your claim; and
- The procedures to be followed to claim your money back.
If you do decide to make a claim, our recommended timeshare claims specialists will provide you with a no-obligation fixed fee quote for all costs to bring your claim.
If you have a timeshare and want to see if you can make a claim for your money back, contact Worldwide Lawyers on 01244 470 339 or at info@worldwidelawyers,co.uk.