100 signatures reached
To: MPs
Exit Timeshare contracts - they shouldn't be for life!
We want MPs to pass a law requiring:-
all timeshare contacts to contain 5 yearly exit reviews from the age of 50, enabling contract holders (current and future) to be able to exit the contract without penalties, financial or otherwise.
Contracts should not to be 54 years and should be a realistic length of time in relation to age and not in perpetuity for families unless requested.
Why is this important?
Many timeshare contracts are for 54 years without exit clauses. The contacts pass on to children and grandchildren irrespective of ability to pay or ability to use the holidays even in cases of ill health. An example of a 80 year old lady having to pay almost a £1,000, pa for holidays which she could not physically use nor afford.
Timeshare providers are now offering vacations to the general public at rates which are less than members pay, and at all times of the year using exactly the same facilities. Initially timeshares were sold as exclusive deals. However, it is still not possible to exit timeshare contracts. Timeshare clubs use the excuse, 'by letting it to non members use the facilities it keeps the maintenance charges down'. Latest scams/deals request exiting timeshare holders to pay in excess of £10,000 to change their current contracts to 15 year contracts again unrealistic if elderly, ill or with no ability to pay crippling costs
