Common Timeshare Misrepresentation Lies
“This is not a timeshare!”
In any kind of arrangement that involves you sharing the use of accommodation, this is a timeshare. Whether the accommodation is a villa, club, apartment, or even a boat, where you use it for a short period of time on an annual or bi-annual basis, you are in a timeshare agreement.
“You can get a Bonus Week (or ‘extra week’) for both you and your friends, on an unlimited basis!”
You would actually be very lucky to even get one ‘bonus week’ a year. These are almost impossible to get, and definitely not available on an unlimited basis.
“This is ‘Gold Crown’ accommodation. That’s the highest quality rating in the exchange system! You will definitely want this for good quality accommodation.”
Many salespeople claim that a resort is ‘Gold Crown’, even though it’s not true.
“Your ‘sleeps 4’ accommodation can easily be exchanged for a ‘sleeps 6’ whenever you need it!”
This is absolutely not guaranteed.
“You can cancel any time, just by getting in touch!”
Once the cooling period has passed, they will definitely not accept a cancellation.
“This offer is only valid if you sign today!”
This is something they tell everybody, every single day. In fact, you could probably get all the same benefits elsewhere at a fraction of the price… they just don’t want you to have time to find this out.
“Your loan repayments will be just £100 a month!”
You’ll probably find this not to be the case when the loan details actually arrive.
“Your ownership will allow you to exchange for another destination anywhere in the world, whenever you like!”
This is almost never the case. Particularly if you buy a low season period, you will find that you are not eligible to exchange for a period in high season. If you buy into a points club, or a floating week system, this is all the more unlikely to be true.
“Don’t worry about reading the paperwork.”
If you aren’t given the opportunity to look over the paperwork, it’s probably because there is something in there which contradicts what they have told you.
“You’re not entitled to a cooling off period… but that’s okay!”
It is the law that you are entitled to a cooling off period. They are legally obliged to give you at least 14 days cooling off period time in which to cancel.
“You only have to pay the annual fees if you use the accommodation!”
Whether the accommodation is used or not, you absolutely will be eligible for annual fees. If your ownership is bi-annual (in the definition of every two years), it may be payable only on those years. But otherwise, those fees will be payable every year.
“The annual management fee is limited by control of the owners, and is limited to the rate of inflation!”
Many resorts have increased fees by three times the rate of inflation in recent years.
“This is a great investment, and will not lose value!”
The price of your timeshare accommodation will plummet at the very moment you sign the dotted line. This lie has left many timeshare owners feeling entirely helpless, as they cannot sell the timeshare at any price.
Seek Advice from Timeshare Compensation Experts
If any of these apply to you, then get in touch with us and we will guide you through the process of claiming timeshare compensation for your mis-sold timeshare.
Even if none of these ring a bell, then we can still help. There are more and more successful timeshare compensation cases coming through the Courts at the moment, which is a good indication that your claim for timeshare compensation may well be upheld.
Timeshare Information