ELMERS COURT – RENT EXCHANGE SELL BUY
What are your options?
Your committee have made members aware both in newsletters and on the committee website of the options available to members who now own points at Elmers Court.
So, this is just a reminder for members who simply want to move on or cover their management charge when they can’t use the resort.
Before going into detail, I need to remind members that although the Club changed from Timeshare to a Points Club in 2014 at a SGM, members talk about owning a particular apartment, when in fact that is actually no longer the case. The flexibility to move from upstairs to downstairs apartments, for example, is now possible. However, members who were former fixed week members at the time of the SGM were given an extra two-week window to secure the unit of their choice each year, but this two-week period only applies to apartments that have not been returned to MRL at one of their two year exit opportunities, now annually. The cost to exit is still 4 times the current management fee and since none of the money kept by MRL has been reinvested in Elmers Court your committee have been encouraging members to use alternative ways to ensure they do not suffer financially and nor does the Club.
RENTING
When a year comes along that you are unable to visit Elmers when you normally do, the whole point of the flexible points system was meant to be that you can switch weeks to another one or even to another MRL resort for that year. If this is something members require, they simply need to contact Member Services in Aviemore to make the arrangement.
If using points is not possible then some members do their own rentals to friends or family or simply advertise it. Others have given it to MRL to rent out and in return receive 60% of the rental fee. MRL have more stock to rent out now and use Booking.Com for their rentals. So, from 2025 they will be reducing what they return to members to only 40% which means it will probably not cover the annual management fee.
We now have an extra alternative in an agreement with ‘Confused about Timeshare’
Therefore, if you want to rent out your week then as an alternative to using MRL, as soon as you have secured a week at Elmers Court, you should get in touch with Mark whose details are at the end of this notice. They are a separate and independent from MRL organisation and will do their utmost to assist you
EXCHANGE
This has always been possible, but members perhaps have used it less since we converted to points. Both RCI and Dial an Exchange (now called 7
Across) offer this service worldwide. It may suit some members with families who can only get away in school holidays or perhaps retired couples looking to visit countries they now have time to travel. It is also possible to exchange to any other MRL resort in Wales, Scotland or Spain by simply contacting Member Services in Aviemore.
SELL
Please remember you paid good money to buy at Elmers Court and that selling to MRL and to pay them anything is the option of last resort! (Excuse the pun). You
do have an asset and if MRL are selling points to new points owners then there is already a market for points.
Elmers Court is in the heart of the New Forest and in one of the most sought after English locations. Therefore, if you want to sell, your committee have an arrangement with ‘Confused about Timeshare’ who are able to help anyone wanting to move on. There are a few costs, but the costs are mainly paid by the buyer so you should see a return on your original investment. If this is something you wish to explore then Mark or one or his team can be contacted direct or through your committee.
BUY
For those of you who need more points we are happy to put you in touch with members who want to sell so both members benefit. We are currently getting advice on GDPR (General Data Protection Regulation) rules in case we need to do something extra but we are planning to put a section on the committee website so members can discuss their requirements and then all that is required are the legal fees to be agreed who pays on each deal.
We will also be able to put buyers in touch with ‘Confused about Timeshare’ as they may already have a suitable selling member on their books.
Contacts:
Committee:
Paul Wagstaff -Chair
paul@wagstaffs50.me.uk
01344860560
Chris Redman
c.redman1@btinternet.com
Sue Wagstaff
sue@wagstaffs50.me.uk
01344860560
Confused About Timeshare
Mark
info@confusedabouttimeshare.co.uk
01784451355
This article replaces that published by the Committee in 2022 see This updates the advice on selling points published by the Committee in 2022, see ELMERS COURT- Selling Points_ v4 2