1) 14 day cooling off period
If you have just purchased a Timeshare, then you may still have time to cancel.
Most Timeshare sellers offer a 14 day cooling period. However, this can vary depending on which country you were in when you purchased. If you have just bought in the USA, then the cooling off period changes from state to state.
If you have just purchased a Timeshare and also entered into a separate finance agreement, then more often than not, the two product contracts are different. For example, if you have just purchased Fractional ownership with Club La Costa in Spain, you will of also been signed up with Barclays Partner finance. Club la costa would lead you to believe that you have a 14 day cooling off period. However, the Barclays finance ends 14 days after the Fractional ownership cooling off period ends, therefore you are still able to turn down the Finance within 28 days of purchase.
Standard EU rules set out a standard cooling-off period to be 14 calendar days in which time you can decide to withdraw from your contract without giving any reason and without incurring monetary or legal penalties.
If you are unclear of the position you have found yourself in and would like some help then give us a quick call; we will be happy to offer you free advice.
Call us on 01872 308699