Let Mercantile Claims assist you with Lanzarote Timeshare Termination, Claims & Compensation
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Our team here at Mercantile Claims are always on hand to help you with any issues, concerns or questions you have regarding your timeshare contract. Below we have listed the most common questions we receive on a regular basis. If you have a more specific question please contact our team of experts and we will respond with an answer as soon as possible.
Where is Atlantic View - Puerto del Carmen
Calle Salinas 8, Los Mojones, Puerto del Carmen, Lanzarote, 35510 Canary Islands
Why Can’t I Sell My Timeshare?
Unfortunately for many customers, the vast majority of timeshares are almost impossible to sell. As we have mentioned the ever increasing fees associated with timeshares means people do not want to take the risk and the subsequent cost of the long-term contract – the promise of a timeshare as an ‘investment’ is sadly just not true.
Will The Resort Take Back My Timeshare?
It is not in the interest of the group or resort to buy back your timeshare. From their point of view it is a source of very easy income and to take the contract back from you would simply be throwing money away, without any guarantee of reselling.
How do I Get Out of My Timeshare Contract
If you enter into a timeshare contract and end up regretting it, you may be able to cancel the contract if you act quickly. Time is of the essence if you want to terminate a timeshare agreement, we will help you follow the right procedures once you cancel the contract. If the initial timeshare agreement was mis-sold or you were given some misleading information you may be able to cancel the agreement under mis-selling rules, complete the form on the page and we will investigate your claim for you on a ‘No Win No Fee’ basis.
What happens if you stop paying on your timeshare?
Deeded timeshare owners with a deed of trust face a specific issue. If you stop paying on your timeshare mortgage, you face repossession where the lender files to take possession of the belongings and promote it at auction to get the cash you owe. Talk to us before you stop paying your timeshare mortgage or maintenance fees; we will ensure that the timeshare termination is carried out legally and with no risk to yourself. We work as a ‘No Win No Fee’ timeshare legal firm and therefore put your interest first. Don’t risk affecting your rights, simply complete the form to see how much you may be entitled to as a refund and compensation of your fees paid.
Following a landmark court ruling, anyone mis-sold a timeshare under certain circumstances can now legally claim a refund of all monies paid and timeshare compensation