CLC is a constantly moving organisation, and in many ways much better than the fly by night scammers that are rife on the internet and on locations internationally.
We had the release of their new product last year, called the FPOC (Fractional Property Owners Club) which is a Fractional product, meaning that you can own and investment in Bricks and Mortar and stand the chance to get a return of your investment. However, FNTC,who is the Trustee of FPOC, say that this model should never be one advertised as an investment, which certainly presents a challenge for CLC and perhaps they will comment on this in the future. I do wonder what FNTC would say, if it heard from prospective or existing members attending presentations, that they were being sold an investment opportunity, albeit, without any guarantees of a return. We do wonder why many people would take up such an option, but nonetheless, many do so, as we can determine from the experiences shared on our Members Forums at www.clcmembers.co.uk
FPOC, from owners feedback, is apparently not actually Bricks and Mortar but is in fact a Rights Access Product, as denoted on the contract that members have discussed. Lets hope this isn't a Mis Sell as we all know where that can end up, but if in doubt we would advise you get a good solicitor to look this over, if you have any concerns.
Most people who have been members of former products are being invited to presentations, where you'll be given a discount off the cost of moving over to the FPOC product. You can have some advantages, the most obvious touted as a "chance" of getting a return on your product after a 16 - 19 year agreement, but they will discount this to the point that you could be paying around £7-£10k for a two, three or four week Rights Access. Sound familiar....i.e. get about 4- 6 weeks holiday with your Vacation Club Points and if your membership is too low...Bronze, Silver, Gold....etc, then we an upgrade you and sell you a few extra points meanwhile.
It doesn't look like VC has a future in my humble opinion and this I see is the beginning of the end, although that could take about 10 years. CLC openly admit they don't push Vacation Club Points anymore but if you ask, you can purchase them. You can also purchase them from Members Selling them at the www.clcmembers.co.uk Forums, where members advertise to each other, but also you can BID for a deal at the www.holidayauctions.org.uk site, where rental and sales are available from CLC owners as well as many other people outside the CLC Portfolio.
However, think on. CLC have now began to sell direct holidays to the resorts that many owners believed were exclusive to them, but now anyone can have access without the investment of a VC or FPOC Ownership. How do they do this I hear you say?
Try these for size: