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Time Travellers

T i m e

T r a v e l l e r s

OUR CREDENTIALS Established 1987 ‐ 26 Years Of Excellence as a leading UK Timeshare Company Trading Standards Award “Buy With Confidence” 2011, 2012, 2013 Members of The Timeshare Consumers Association (TCA) since 1997 Thousands of happy owners. We have been looking after our own members for 26 years and these ownerships are comprised of our own resorts resales. We look forward to guiding you to the best ownership for YOU Optional Purchase using PayPal or Credit Card

Eminent Timeshare’s Award Winning RCI points Packages Everything you need to know about getting our rock solid RCI Points Ownership Our ownerships have the lowest management fees and a superb set of Home Group Resorts that you have first priority booking with RCI Points. Choose the level of ownership you want and from the moment you purchase it takes just four weeks to have the perpetuity ownership of the weeks at our resort in your name and then just 28 days for RCI to cede them into your fabulous RCI Points Ownership. All our special RCI Points Packages are inclusive of property ownership and deeds, legal transfer, Creation Of RCI Points Account and a Years RCI Points membership, plus an RCI Points new owners pack

Your Fabulous Resort is Los Claveles In The Canary Isles With its high points and low management fees it is the best RCI Points Ownership Around With a year round sub tropical climate, it is high season and high points values all the way in our RCI Points ownerships at Los Claveles.

Your Home Resort Group A superb set of 6 RCI Gold Crown Resorts

Everything you need to get started is in this brochure Everything you need to know about getting our rock solid RCI Points Ownership Our ownerships have the lowest management fees and a superb set of Home Group Resorts that you have first priority booking through RCI Points. Choose the level of ownership you want and from the moment you purchase it takes just four weeks to have the perpetuity ownership of the weeks at our resort in your name and then just 28 days for RCI to cede them into your fabulous RCI Points Ownership.

With our RCI Points ownerships you have first priority on RCI Points Reservations back in to your home group resorts. Choose from two fabulous villa resorts by miles of sandy beaches in Lanzarote with two giant heated walk in pools, or perhaps a complete resort of 3 bedroom detached Gold Crown Villas overlooking the Ocean in Tenerife.

club rules, and that includes how the com‐ mittee get voted for, annual votes (you can vote by post or online) and how the club is run. The management fees get voted for by all members as on all other matters. That The original developer, Wimpey, one of our management fee is then used to pay the biggest UK companies built and sold to the appointed management company to run original owners. Then upon completion, as the resort and to carry out refurbishments and day to day repairs. agreed in advance in the trust arrange‐ ment, they handed the resort to the own‐ ers, who now run it through an elected committee of owner volunteers.

About Your Property

The ownership is protected under UK law (which it is written under) and complies with that ,and the UK Timeshare Act and the EU Directive on timeshare.

The entire freehold deed for the property, all of the land and all of the buildings on it, everything is held by a third party Trustee Company, in this case FNTC, First National Trustee Company. It was put in trust before the sale of the first week. This makes it a rock solid form of ownership.

Your Peace Of Mind Your Owner Controlled Resort

There is a reserve for emergencies, it is called the sinking fund.

Big repairs? A fixed portion of the manage‐ ment fee is put aside each year and has done since year 1, this is called the sinking fund. The sinking fund is a collective pot that accrues and is then spent regularly on big refurbishments. The units are in effect Why? Because it prevents anyone, including kept as new, on a continual basis and al‐ any of the members (owners) from bor‐ ways have been since the developer hand‐ rowing against their property or anyone ed over. That includes new kitchens, bath‐ else’s, it also prevented the developer from rooms, furniture, exteriors, extensive pool doing the same. maintenance and more. For the record our As part of the ownership, everyone that resorts have a two week maintenance clo‐ bought or buys now, agrees to abide by the sure for the biggest annual repairs.

Our resorts are very unusual in being controlled by fellow owners, but it does illustrate the benefit of resort maintenance. Our resort is bang up to date and the management fees are still good, that’s because there is no developer getting a free ride on the management. Each owner has a deed which gets registered with the trustee and that gives you your own‐ ership forever to do as you wish.

Your Time ‐ Share There’s another benefit most owners are unaware of. You get a share in the resort, literally. For each week you own you get that one vote, but you also get 1 share in the resort. If all the owners want to sell by a majority vote, then you all get an equal share in the whole re‐ sort when sold. That is really unusual in timeshare, but rather good. Most resorts revert to the developer. So you can reap the security benefits of the resort being built by a top 100 UK company, every‐ thing is above board and as it should be. 

What exactly does your RCI Points ownership comprise of? You buy a week or weeks with us that last forever and use them as RCI Points All weeks at our resort have a fixed value given to them by RCI Points. This varies as per the unit size and type and the week number.

The Purchase Process ‐ RCI Points

So the same apartment can have a week with a value of 12,000 or 50,000 and they will both have the same management fee cost as they are in the same apart‐ ment.

Once your payment has cleared we issue the RCI Points Members Paperwork.

The second part of the purchase

This is signed by those that are on the membership of the property and two paper copies of the pages with signatures on must be returned by post. RCI will only accept these origi‐ nals and not copies.

Obviously for point’s it makes more sense to have higher valued weeks so as to lower the management fee cost per point—which makes your holidays cheaper

We take care of everything from start to finish The Purchase Process ‐ The Property First we put the weeks of property into your name When you purchase a package of RCI Points it comprises of weeks to the value in your mem‐ bership with a management fee that comes with those weeks. We email you the purchase paperwork for the weeks which states who you want to own it, the total points value that they are worth with RCI, and says how much your management fee is for the coming year. Our prices are inclusive of the property cost, the cost of legal transfer into your name and the issue of the deed, the ceding of those weeks into RCI points and the first full years RCI Points membership. The resort management fee gets billed direct when due by the Resort Management Company. The person/s purchasing sign and return an email copy of this paperwork along with payment by bank transfer (PayPal can be used as an optional extra as they will charge a small fee for doing so). Once your payment is cleared allow 28 days for the weeks to be in your name and the deeds issued to you

Once we have received the paper copies back we wait for the resort ownership to be in your name (the first 28 days). Once we have that back, we send the RCI Paperwork to RCI and they will create your membership within 28 days usually.

RCI Europe create your membership number which lets you login online If you are resident outside of the UK, RCI Europe automatically transfer your membership to your local RCI Office, who send you a welcome letter and send out your membership pack. Wherever you are in the World is where your account will run from. Next step is booking your holiday!

OUR Target time from payment to going live is 56 days

RCI Points ‐ The Package

Using Your RCI Points Is Easy

RCI Points, what’s it all about? RCI Points is best described as a currency for timeshare.

You can use your RCI Points to :‐

Rather than have all the variants of seasons, week numbers, unit sizes, resort facilities, grades and location, all coupled to how far in advance you decide to put your timeshare up for ex‐ change with RCI, you just have a value in points, called RCI Points.

The nuts and bolts of the ownership These points have an annual management fee to keep the timeshare you own in good con‐ dition and there is a small cost to RCI to make a reservation, this varies to the duration, whether days or weeks, the price varies accordingly All timeshares have what is called a management or maintenance fee, which is billed every year for each week owned. This is a charge for the running cost of the resort, shared amongst all the owners and covers staff costs, upkeep, taxes, tourism licenses renovation and refurbishment and of course the maintenance of the specific apartment that you own as well as all other costs a resort incurs. This ensure that what you own remains in tip top condition, so that anyone that uses it feels that it is as good as new.

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· Use Your own week

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· Use Your resort at any time of year in any size of unit

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· Stay within your home group of resorts

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· Holiday at RCI Points resorts

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· Holiday at RCI Weeks resorts

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· Save Points to create an extra special holiday

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· Borrow points from next year to use now

Make RCI Points Partner reservations (Hotels, Cottages, Cruises, car hire, flights etc)

RCI Points ‐ You’re given the flexibility to change:‐ 

· Size of accommodation (From hotel rooms to 6 bedrooms)

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· Type (Resorts, Hotels, Boutiques, Yachts, Canal boats, Villas and more)

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· The duration of your stay, whether it’s a whole week, month or a few days

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· The luxury rating of the resort and individual accommodation.

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· The time of year you wish to travel.

So the concept is you buy your holiday (the timeshare) and the cost thereafter for your holidays is the management fee cost every year and your RCI membership and reservations fee. The name of the game being to increase the quality of you holiday accommodations whilst making the cost of the timeshare cheaper than renting.

Your RCI Membership runs on an Anniversary rather than a Calendar basis. This means that your annual Membership runs for a full 12 months from the date you join (complete) rather than until the end of the year in which you join.

So how do you get this value of points? The most popular and cost effective way to own RCI Points is to own a week or weeks of timeshare at our resort and we convert “cede” them to RCI Points for you at the same time. The points values are controlled by RCI.

When you feel like getting away Just look on the RCI Points Directory. You’ll find all kinds of fantastic resorts listed geographically.

Booking your holidays with RCI Points

Basically you give the right to use that timeshare week to RCI every year for as long as you want to remain in RCI Points. They can then offer your week to other owners and the same applies to you, in that you can book and go to anywhere within RCI that is available to book. You can leave RCI Points at any time you want and retain the timeshare as weeks, but you must give them a years notice (as someone will be using them!)

All you have to do is pick your destination, decide when you want to travel and then look at the Points value in your online account.

The specific timeshare you own, determines how many points it is worth.

It’s as easy as that!

You can make your reservation up to 10 months in advance of the desired start date of your holiday. You simply need to own enough points to make the bookings you want

Club Los Claveles For RCI Points Disclosure Document

4. COSTS : PRICE : £/$ /€

1. UNIT DETAILS APARTMENT / VILLA :

RCI Points powered by ownerships as follows :

x high season units:

APT. SIZE :

Studio ‐ Sleeps 2) 1 Bedroom ‐ Sleeps 42 Bedroom ‐ Sleeps 6)

DESCRIPTION OF UNIT : 106 Time Ownership Apartments / Villas On‐site at Los Claveles which is situated at 2 Asomada de los Ceros, Los Christianos, Tenerife, Canary Islands.

Inclusive of transfer of ownership and RCI ceding cost.

5. MAINTENANCE FEES 2013/2014 (WEEK 20 ONWARDS TO WEEK 19 2014) : ‐ Studio

‐ Sleeps 2 Euros 249 per week p.a.

1 Bedroom

‐ Sleeps 4 Euros 300 per week p.a

2 Bedroom

‐ Sleeps 6 Euros 350 per week p.a.

Studio Apartment

Ground / First Floors

1 Bed Apartment

Ground / First / Second Floors

1 Bed Villa

Ground and First Floors

The Fees are used for managing and maintaining the Resort as laid down in the Club Constitution, as per summary of services attached. Please note that maintenance fees which are not paid by the due date on the invoice will be subject to a small late payment penalty.

2 Bed Apartment

Ground / First / Second Floors

6. ON SITE RESORT FACILITIES & RESORT SERVICES

2 Bed Villa

Ground and First Floors

Use of leisure facilities at Los Claveles to include the Swimming Pool, Tennis Courts and Table Tennis. A fully staffed Management Office open 7 days per week offering full Management Service to Residents as laid out in the Club Constitution, including 24 emergency contact service.

2. OWNERSHIP The present Timeowner being : Eminent Timeshare ‐ Brantridge Park Sales Ltd., whose Registered Office is at Waydown Cottage, Clayton Hill, Pyecombe, Brighton BN45 7FF West Sussex. The Founder Members being : Wimpey Homes Holdings Ltd., and Time Ownership Los Claveles (Management) Ltd., whose Registered Office is at 27 Hammersmith Grove, London W6 7EN. 3. OWNERSHIP TERM The land and buildings are owned by Time Ownership Los Claveles Limited which was formed by Wimpey and Membership grants you the right to occupy your chosen Villa or Apartment. All the share capital in this company has been transferred by Wimpey and is now held by (FNTC) First National Trustee Company Limited , Castle Hill, Victoria Road, Douglas, Isle of Man, on trust for all the mem‐ bers from time to time of the Club. The FNTC as Trustee for the Club Members ensures that the rights of each Member under the Club Constitution are fully protected and observed and also gives protection against the possibility of the property being sold against the wishes of the Club majority. The terms of the Trust are designed to last forever but the majority of Members can themselves bring it to an end and full details are con‐ tained in the Trust Deed.

7. POINTS HOME RESORT / HOME GROUP : Home Resort : Club Los Claveles, Los Cristianos, Tenerife (RCI Resort code 2174). Home Group Resorts : Las Brisas , Lanzarote (1733): Las Casitas, Lanzarote (0802): El Marques, Tenerife (1698): Las Rosas, Tenerife (0962): WimPen Sueno Azul, Tenerife (1856) 7. CANCELLATION RIGHT Timeshare Directive (2008/122/EC) Timeshare Regulations 2010 gives the Purchaser 14 days from date of purchase to change their mind. If they do so within the 14 days they then will have no other rights or obligations under the agreement. 8. RESALES After completion of purchase we are able to offer the facility of a resale scheme. 9. ADDITIONAL INFORMATION May be acquired by calling the Sales Office on 01273 844570. Emailing [email protected]

What to do next? Like what you see, want the best RCI Points ownership FOR YOU? Simply let us know which of our package's is the one for you and we will take care of all the rest.

To create your ownership as you want it, we need:‐ Your name or the names of those people that will be owning it The address Telephone number Email Address Dates of birth for RCI We will then send out your purchase agreement by email within 24 hours. It’s as easy as that

Mail [email protected] or call 01273 844 570 (outside UK +44 1273 844 570 ) 14 Day cooling off period as well as all your legal writes in the UK, Europe and the US and Canada We abide by the TCA code of conduct and the Guidelines of UK Government Trading Standards

If you need more information, want a different set of points values or for any other help please just mail us and we will do our utmost to help.

www.timetravellers.co.uk

Recommended and preferred timeshare resales company of the Timeshare Consumers Association (TCA)