Hello, I wonder whether you have any experience/knowledge of the Wimpen Leisure Management group for ElMarques in Tenerife. We owned three weeks at this resort which were purchased in 1995. Wimpen created a holding company so members could transfer their ownership at a cost (we paid £1000) to this holding company if they no longer wanted their timeshare. We did this and have received a letter confirming this relinquishment and stating that we have no past or future responsibility. This week I have been contacted by a legal company advising me that this may not be legally binding and offering to legally relinquish us for a cost of £6/7000. This has freaked me out and I don’t know who to turn to. Can you help?
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Dear Carol,
If you have not received any communication or any notices requesting maintenance fee payments, there is a good chance that the relinquishment was arranged for you. The only way to know for sure is to have a timeshare expert review the documents in order to identify the legitimacy of the relinquishment.
If you have not spoken to us already, please feel free to contact us: (UK) 0800 520 2322 (International) +44 800 520 2322 or message us on our online chat.