Re: Holiday scheme or scam?
I have friends who were sucked into a similar thing Floydy, they were told it wasn't time share but part ownership of a very flashy hotel in Madeira.
For their money they got 2 weeks holiday a year for life and they could leave the two weeks in their will for their kids to enjoy too...sounded good so they signed up and paid £13K
What they were not told and again it was in the small print was that after the first year they would be charged management fees for the upkeep of the hotel and gardens. These charges are totally out of their control and increase every year. Far from being a good deal it is now a liability and they wonder how they could have been so daft to get involved.
They are both intelligent business people so the sales pitch must have been very slick and convincing. The only get out is to put it up for sale but again in the small print it can only be marketed and sold by the people who sold it to them and of course they say they are trying to sell it....hmmm ok