posted 2nd June 2023
The process of cancelling a timeshare can often be a tricky and expensive route to navigate, especially if you deal with the wrong company. The legal cancellation of a timeshare contract and associated maintenance fees is a process that many people try and fail at multiple times before they eventually get it right. Doing it the wrong way and losing thousands of pounds can be avoided by following some simple steps that will help you save time and money.
Getting out of your timeshare can be inexpensive and, in some cases, cost you nothing. If you have paid or been offered a timeshare exit for more than £4000, you have been swindled.
Step 1.
If you would like to talk to a human, get in touch! We will guide you through the best and safest ways to exit your timeshare contract. In some cases, you might even be able to get out of your timeshare yourself for free!
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>If, on the other hand, you would prefer to do it yourself, follow these next steps.
Step 2.
Get in touch with your Resort or Maintenance Fee distributor and ask if they have a free exit policy. This may mean that you can hand back your timeshare for free. It's important to be aware that in some cases, timeshare companies will ask you to sign a 'waiver' to prevent you from applying for compensation.
Step 3.
Your resort might offer to release you from your contract if you pay them an 'upfront exit fee' as long as your fees are up to date. This is normally about three years of maintenance fees. Again, remember that if you qualify for compensation, this may be unnecessary and can often be an expensive resolution.
Step 4
Sell your timeshare. It is very unlikely that you will be able to sell your timeshare unless you own with companies such as Disney or high-value weeks at popular resorts. In some of the more popular resorts, it is often possible to sell your timeshare privately to other members that may be looking for additional weeks. Stay away from companies that ask for upfront advertising fees.
Conclusion
If you would like to get out of your timeshare contract safely without paying any upfront fees, get in touch. We will help you navigate the best route to take and ensure that you're not falling into an expensive trap.
We have helped thousands of timeshare owners avoid scams and find simple resolutions to their timeshare problems. Need help? Get in touch.
