Your Timeshare Maintenance Fee Liabilities
What Will Your Maintenance Fee Liabilities be?
For many of the timeshare owners we help, the ever-increasing maintenance fee liabilities are the main initial reason for wanting to get out of their contract.
Depending on which group/resort you are with and when you first signed up for your timeshare (especially if that was 10, 15, 20... years ago), the fees probably seemed like manageable amounts to start with. But the timeshare groups/resorts are greedy and the rate of increase has often run at an average of 5% per year, or sometimes even more. This may not seem too much year-on-year but, over a long-term contract with compound interest, the figures can be staggering.
For example, let's assume your annual fees for 2023 were £1200. Based on an average 5% year-on-year increase, working backwards, you would have been paying £737 per year in 2012 and just £452 per year in 2003.
Now, looking ahead based on this same rate of increase, the fees that you/your family are contracted to pay over the next the 30 years would be over £83,713 between now and 2052 - unless you do something about it. The table below illustrates the fee liabilities to which you and your family are likely to be committed over the coming years:
2023 Fees £1.200
To find out your Timeshare Exit Options please go ahead and complete the short form to the right. It only takes a minute and could save you a lifetime of worry. Alternatively, please call one of our expert advisors now on 01628 290499.