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Written question asked by Luke Murphy (Labour) on Tuesday, 6 May 2025, in the House of Commons. It was due for an answer on Thursday, 8 May 2025. It was answered by Justin Madders (Labour) on Wednesday, 14 May 2025 on behalf of the Department for Business and Trade.

Timesharing: Contracts

Question

To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of in-perpetuity clauses in timeshare contracts on consumers.

Answer

The Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010 govern the sales of timeshares. They provide significant protections, including stipulating the information consumers must be aware of prior to purchase and a14 day right to exit, should the customer change their mind.

Purchasers of timeshares are also protected by general consumer law, requiring contract terms be fair and bans mis-selling. The CMA expressed the view that some in-perpetuity clauses may be unfair, depending on circumstances.

Enabling consumers to exit timeshares is a balance between protecting consumers wanting to leave and the interests of the business and those customers who remain and share admin costs.

Secondary information

Type
Written question
Reference
50344
Session
2024-26
Grouped for answer
Yes
Subjects
Contracts Timesharing
Link
View this Written question on www.parliament.uk