Here at the Timeshare Information Bureau, we are specialists in giving expert advice on the timeshare industry.
At Timeshare Information Bureau our priority is to offer a wide range of independent advice on all timeshare matters. If you feel that you have reached the end of the line with your timeshare ownership we can put you in contact with timeshare relinquishment specialists.
We act as an independent advice bureau and have a proven track record of helping timeshare owners and holiday club members with a variety of timeshare issues.
People will understand that despite promises, re-selling a timeshare is impossible - excluding £1 giveaways online. At the point of sale timeshare companies will tell you that you are buying a saleable, appreciating asset.
Timeshare is, in fact, a liability, rising yearly maintenance fees and contracts that tie in an owner for life; in some cases of contracts in perpetuity run after their owner's death, passing the liability to future generations.
With maintenance fees rising in excess of inflation the unfortunate timeshare owner can look to see their maintenance fees double, on average every 7 years. When looking at average maintenance payments of over a thousand pounds it is easy to see why timeshare companies don't like saying goodbye to owners.
There is, however, a silver lining within the cloud of timeshare ownership, the growing desire of some timeshare companies to let members walk away. But why would they do this given what we know about their healthy maintenance fee income?
The answer is simple, relinquishment is possible with most timeshares and many timeshare companies not only having to take back their weeks, but also favourable rulings and new legislation, especially under the Consumer Credit banner, has led to hefty compensation payments being made to clients.
Purely leaving your timeshare might not be all you have to gain; getting compensation might also be a likelihood. Obviously, this depends on what and where you own and also when you actually bought. Certainly, those buying after 1999 have a good claim under certain legislation and those buying in the last 6 years are also in a strong position - this also includes upgrades and trade-ins, as well as being moved from one product to another, within the same organisation.
Club la Costa
Macdonald Resorts UK
Timeshare Information Bureau is an independent advisory company that helps timeshare owners clearly understand their current options, depending on their individual situations.
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