To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the Government plans to update the timeshare regulations to address issues around trying to relinquish timeshares.
26 April 2018
The apparently perpetual nature of some timeshare contracts, or the absence of clauses in contracts covering the circumstances under which consumers might bring the agreement to an end, were not covered by the Timeshare Act 1992 or the former (1994) Timeshare Directive which applied at the time most of these contracts were agreed.
In 2011 new Timeshare, Holiday Products, Resale and Exchange Regulations 2010 legislation came into force to give effect in the UK to a new European Directive. This provides improved protections for consumers buying and selling timeshares and other long-term “holiday club” memberships including provision for consumers to withdraw from the contract.