Early day motion tabled by primary sponsor Tommy Sheppard (Scottish National Party), on Wednesday, 17 October 2018, in the House of Commons. It is signed by 61 members in total.

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THE MISSELLING OF TIMESHARES

That this House is concerned that the sale of membership of timeshare schemes and products often involves practices which are psychologically manipulative, use misleading information and unfairly exploit vulnerable, often elderly, consumers, leading to those consumers taking out very expensive borrowing commitments which they cannot afford; notes that the sale of membership of such schemes also ties consumers into very long-term commitments to pay large annual fees to the timeshare companies whether or not these consumers are able to make use of the schemes often leading to financial and emotional crisis and even physical illness; and is further concerned that the present UK legislative framework needs revising and improving to provide adequate protections from these practices and a method by which consumers can leave these schemes and bring their liabilities under them to an end.

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Secondary information

Type

Early day motion

Reference

1720 

Session

2017-19

Other sponsors

Lisa Nandy

Stephen Lloyd

Ruth Cadbury

Drew Hendry

Lisa Cameron

Subjects

Companies Leisure Financial services

Link

View this Early day motion on edm.parliament.uk