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Timeshare contracts

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Comments

  • SpeedSouth
    SpeedSouth Posts: 380 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker

    Reading this worries me. My parents have a Time share, they bought for a £1 years ago! If someone was selling a time share for £1 you'd probably figure it was a scam.

    This will become part of the estate at the point of death, with no way to avoid the annual charges as far as I know currently. They've also had the pay a fee to get out conversations.

  • SpeedSouth
    SpeedSouth Posts: 380 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 29 January at 2:41PM

    Probably a scam, but did you try these guys? The timeshare version of we buy any car!

    https://www.webuyandselltimeshares.com/?

  • Alan_Bowen
    Alan_Bowen Posts: 4,944 Forumite
    Part of the Furniture 1,000 Posts Name Dropper

    That appears to be based in Florida and selling us owned timeshares, so very unlikely to be of help

  • thegreenone
    thegreenone Posts: 1,227 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker

    If I may ask, how much have they been quoted and by whom?

  • SpeedSouth
    SpeedSouth Posts: 380 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker

    Are you asking how much the pay a fee to get out question was?

    If so I'm not sure. It was with the current providers I think. From what little I know it was along the lines of you can pay to upgrade your weeks to something better, and we will include a 10-15 year escape in your contract.

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