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Maria taylor-754
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Maria taylor-754Subscriber
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A timeshare paid for with a loan when paid off. Who owns it, the loan company or the ‘purchaser’. That is, is the seller paid for it upfront via the loan company, so the seller no longer owns it? So ...Read more

A timeshare paid for with a loan when paid off. Who owns it, the loan company or the ‘purchaser’. That is, is the seller paid for it upfront via the loan company, so the seller no longer owns it? So then who does? The purchaser with the contract with the seller or the loan company? Thank you.

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Rosemary Brindley-426
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Rosemary Brindley-426Subscriber
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Whilst staying at a Heritage Resort in Spain, we were approached by their manager to see if we wanted to dispose of our timeshare and offered a way to do so. It involved paying a lump sum and in return, ...Read more

Whilst staying at a Heritage Resort in Spain, we were approached by their manager to see if we wanted to dispose of our timeshare and offered a way to do so. It involved paying a lump sum and in return, they took our timeshare (2 wks in Tenerife) so we had no further responsibility and gave us a 3 year introductory membership into the Heritage Resort Club with the promise of a holiday each year at a one of their resorts and at the end of the 3 years we can walk away knowing that we have no further responsibility to our timeshare and no requirement to join their club. I am concerned this may be a scam. Do you have any thoughts on this?

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Barrie-bbf
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Barrie-bbfSubscriber
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Do UK Timeshare Companies have to amend existing timeshare contracts taken out prior the Consumer Rights 2015 to comply with Current Legislation, or are the Owners covered by a previous Act. Hi Barrie, In Consumer Law we must distinguish between the Consumer ...Read more

Do UK Timeshare Companies have to amend existing timeshare contracts taken out prior the Consumer Rights 2015 to comply with Current Legislation, or are the Owners covered by a previous Act.

Hi Barrie,

In Consumer Law we must distinguish between the Consumer Rights Act 2015, which is a general law that applies to contracts for the sale of goods and services and, on the other hand, the Timeshare Act (1992 or 2012), which specifically regulates timeshare contracts. The Consumer Rights Act specifically does not make any changes to the Timeshare Act, so the Resorts are not obliged to amend any contract. Each timeshare contract is governed by the law in force at the time of signing.

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sarah
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sarahSubscriber
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I have really had enough with my timeshare company. When I signed up with my timeshare company they explained it would be an investment and worth a lot of money in the future. Here we are in 2021 and ...Read more

I have really had enough with my timeshare company. When I signed up with my timeshare company they explained it would be an investment and worth a lot of money in the future. Here we are in 2021 and my timeshare seems more worthless. I have asked my resort if they will take it back but they wont, so I’m stuck with a now unwanted timeshare and paying for something I don’t want anymore. Is there anything I can do?

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