HC Deb 26 January 1987 vol 109 c82W
Mr. Michael Cocks

asked the Secretary of State for Trade and Industry (1) if he will introduce legislation to ensure that those who agree to buy timeshare properties are given a limited period of reflection during which they may change their mind and retrieve any money placed with the developers as a deposit; and if he will make a statement;

(2) if he will initiate and publish a code of practice to be observed by firms selling timeshare properties; and if he will make a statement;

(3) when he expects his Department's consumer advice leaflet on timeshare properties to he published; what type of advice or information it will contain with particular regard to standards to be observed in approaches to potential customers; and if he will make a statement.

Mr. Howard

As I said in my reply to my hon. Friend the Member for Amber Valley (Mr. Oppenheim) on 3 December 1986, at column 634, I do not at present intend to introduce legislation on time share. There are three trade associations covering most United Kingdom developers and members of these associations voluntarily provide cooling-off periods during which customers may have an opportunity to. reconsider their purchase. I welcome this and I do not feel that a code of practice would materially add to the protection offered b) this arrangement. I also believe that it is important that people are fully aware of the facts when they are considering purchasing time share. With this object my Department will be publishing a consumer advice leaflet on time sharing on 27 January. It is aimed at the potential time share buyer and provides advice and a checklist of items to bear in mind.

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