A couple in their 70s have won a court victory over a timeshare firm that pocketed £7,000 of their money.
Harold and Brenda Walker paid the cash to a firm that promised to take an unwanted holiday property deal off their hands.
In 2008 they spent £22,000 on a so-called timeshare deal in Spain which, as long as they paid the £350 annual maintenance fee, allowed them to let out the property to other holidaymakers for one week a year.
After struggling to make any money, they were approached by International Timeshare Refund Action (Itra), which promised to get them out of their contract and win compensation.
It asked for £7,180 and told the couple they would get at least that amount back because they had been mis-sold the property and could claim compensation. A year later the Walkers were in dispute with the company and still waiting for compensation.
They launched an 18-month legal battle and last week Itra returned their money. The judge concluded that the contract was void because it did not contain key information and the firm should not have asked for upfront fees.
The Walkers’ victory is believed to be the first of its kind in Britain. Chris Emmins, founder of KwikChex, a company that investigates other firms and helped the Walkers to win their case, says: ‘This could open a flood of claims.