In 2011, new regulations regarding – timeshares, holiday products, resale and exchange contracts came into force across the UK. These updated regulations transpose the EU Directive 2008/122/EC into UK law and work to help enhance consumer confidence in the timeshare industry as well as help to eliminate the rogue traders causing the problems.
These rules are much simpler and clearer than those before them and help better protect consumers from illegal or unreasonable timeshare contracts and timeshare scams. They also stipulate that traders must provide consumers with detailed information such as price and additional costs, contracts length, description and terms, in advance of signing the contract.