We’re thinking of buying a timeshare, but we’ve heard lots of horror stories about them. Would we be making a big mistake?

Many people with timeshares are very happy with them, but you’re right to be wary – there are a lot of rogue traders out there. The law is going to be tightened up to stamp out some of the worst abuses, but this won’t be happening until 2010. In the meantime, follow our top tips to avoid being conned:

1/ Remember that holiday clubs, boats, timeshare re-sales and contracts lasting less than three years are not covered by current timeshare legislation, so you do not get the same cancellation rights or protection if things go wrong.

2/ Be wary of any prize or holiday which has to be collected at a presentation. Don't claim it unless you want to undergo several hours of high-pressure selling.

3/ If you are approached on holiday, don't get into a taxi or bus provided by a sales rep. Companies often choose locations away from your hotel and out of town, making it more difficult to leave a sales presentation.

4/ f you are unsure about a deal, leave. Ignore suggestions that the special offer may not be available later on.

5/ Be very wary of making an upfront payment to clinch the deal.Be wary of cash back schemes. If the company goes bust before the cash is due, or you cannot find them, you will never get the money.

6/ Ask for written information about costs, companies involved and responsibilities. Take this away and read it before signing. Written information in your own language is a right.

7/ If you change your mind, act quickly. Check the small print for information about a cooling-off period. You may be able to cancel. If they have lied to you or broken the agreement and you paid by credit card or have a credit agreement, get advice about claiming from the credit company.

Advice from Manchester Citizens Advice Bureau Service, District Office, Swan Buildings, 20, Swan Street, Manchester, M4 5JW, Tel: 0161 839 7300