A rather strange one as they seem to be based in Kuala Lumpur (Malaysia) but are cold calling Timeshare consumers in the UK.
The website www.fractional-live-com which was registered on the 19th of November 2012 does not really provide a lot more information either.
We have not found any company registered at the Companies House under this name.
The only contact details are an email firstname.lastname@example.org
After the initial cold call Fractional Live sends an email to confirm the actually resale offer and the sales price.
In this same email the consumer is informed about an Underwriting Fee of £1595
We assume this is the upfront deposit with a new name, but obviously still an upfront fee.
We agree that the Timeshare Directive might not be in place in “Kuala Lumpur” but certainly a company that cold calls, offers a guarantee resale and asks for an upfront fee should be treated with caution.
If you have been contacted by Fractional Live in Kuala Lumpur, then please let us know.
You can email us at email@example.com or place a comment on this blog.