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Daily Mirror
Daily Mirror
Business
Stephen Hayward

Holidaymakers from timeshare mis-selling scandal accuse Barclays of payment delays

Holidaymakers who lost millions in a timeshare misselling scandal have accused banking giant Barclays of dragging its heels over compensation payouts.

Buyers say they were told ex Manchester United stars Gary Neville and Ryan Giggs owned properties they were investing in and borrowed from Barclays to finance the deals.

But many were left struggling to repay the loans after discovering the timeshares at Malta’s Golden Sands Resort had no resale value.

Barclays Partner Finance has now agreed to pay £218million in compensation for the missold loans.

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Buyers were told ex-Manchester United stars Gary Neville part-owned the properties (The Diary Of A CEO/Youtube)

But lawyers for victims say some have died while fighting to recover the money they put into the Azure timeshare scheme, which went bust in 2020.

After an all day sales pitch, which included pictures of both footballers, retired council administrator Irene Williams, 69 and her web designer husband Ray, 67, of Huyton, Liverpool, agreed to a £25,000 timeshare for 25 years.

The couple had to sell their bungalow after failing to keep up with repayments to the bank and maintenance charges at the Azure scheme.

They have won back just over £78,200 from Barclays Partner Finance and are awaiting a final payment of £3,300 which includes 8 per cent interest they paid on the loans.

Some of the families who lost out are being represented by Gary Smith of Praetorian Legal.

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