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Time called on Timeshare Touts

November 3, 2008 10:00 AM

Catherine Bearder has welcomed a key European Parliament legislative report which is set to benefit those who use time shares and holiday clubs. Two thirds of time share owners in Europe are from the UK, and the new legislation will strengthen UK consumers' rights.

Catherine said, "For far too long timeshare touts have been conning British holiday makers. They will no longer be able to charge fees and deposits upfront and then disappear off the face of the earth. Now money won't be changing hands until after a 2 week cooling off period."

"It's going to be much easier for consumers to pull out of any contracts in the first two weeks if they change their minds."

"Companies will also have to provide contracts in the language of the customer's choosing. There will be no more dodgy contracts in foreign languages that some British tourists don't fully understand."