Getting rid of my timeshare

Ironman2005

Hi all,

I am sure that this has been covered extensively somewhere but any help gratefully received.

We have had a timeshare since 200 and used it very happily. We bought it to take the children on holiday and thought this a good option.

The children are now grown up and we have no further use for it. We would now like to get rid of it - not even sell it but give it away.

Does anyone know any way of doing this?

Thanks...

richardw

What does it say in your legal documentation of ownership?

budgetflyer

Lots of people!
If bought and used properly, it can be a very cost effective way of staying in high end holiday property.

Ironman2005

The documentation says that we appear to be a bit stuck in that they don't have a buyback policy. I have emailed them to see if they have a 'take back' policy but haven't heard anything yet.

It was very good when we first took it out and we enjoyed using it. It is just that we have now moved on. There are options to swap the time for somewhere else in the group's resorts but we have fallen in love with another area (geographically) and want to go there more now.

So if anyone knows anybody who has successfully been able to hand back, sell or otherwise then I'd love to know.

Thanks.

Saint_Chris

try timesharetalk.co.uk

Mojisola

Ironman2005 wrote: »

The documentation says that we appear to be a bit stuck in that they don't have a buyback policy. I have emailed them to see if they have a 'take back' policy but haven't heard anything yet.

If you don't manage to get rid of it before you die, will your children be landed with "in perpetuity" costs?

https://www.saga.co.uk/legal/legal-experts/emma-myers/timeshares.aspx

marleyboy

budgetflyer wrote: »

Lots of people!
If bought and used properly, it can be a very cost effective way of staying in high end holiday property.

Why don't you grab it then? No?....thought not.

Mojisola

budgetflyer wrote: »

Lots of people!

Really?

https://www.thisismoney.co.uk/money/holidays/article-2381525/Timeshares-nightmare-Britons-stuck-dream-homes-timeshares-wont-sell-99p.html
"Many of the 600,000 British timeshare owners are desperate to sell. There are an estimated 400 sellers to every one buyer. The sell-off is being driven by holidaymakers desperate to rid themselves of properties they can no longer use and which cost them thousands of pounds in fees every year.

In 2013, 780 people contacted the Timeshares Owners and Committees Organisation about selling up. There are currently more than 500 on sale on auction website eBay — many for less than £1."

Moto2

I know of one person that paid someone else to take on their timeshare

Good luck OP
Try looking to see if there is any sort of usergroup for the TS company, there may be ways to dump it that have been discovered by others

zagfles

See http://www.timeshare.org.uk/getout.html

Good luck - I think you'll need it!

Catherine_Taylor

It depends where you bought it - if you bought it in Europe after 1999 and it was sold to you in contravention to the European Timeshare Directive you can have the contract declared null and void, therefore relieving you of any contractual obligations i.e. maintenance fees. Any hopes of anyone buying it from you are unrealistic - timeshare is not really a re-sellable item once you have bought it from the developer and is certainly not an investment.