A uniquely flexible alternative to fixed week timeshare or villa ownership, the Holiday Property Bond (HPB) is a life assurance bond which invests, after product charges, in a combination of securities and carefully chosen holiday properties throughout the UK and Europe. By securing a financial interest in HPB's entire portfolio of villas, cottages and apartments, investors (Bondholders) and their family and friends are entitled to use any HPB property at any time rent free. It is a privilege they can pass on - without charge - to their children and grandchildren.
HPB seeks to provide the best of both worlds - the flexibility of villa rental and many of the advantages of direct holiday property ownership - whilst sparing Bondholders the associated maintenance and managerial complications.
A minimum initial payment (including adviser charge) of just £5,000 and an RPI linked quarterly fee of under £30 (including VAT) enable Bondholders to book any available HPB property when they choose. In return for your investment you receive a number of Holiday Points each year, which you can exchange for your holiday accommodation. How many Holiday Points you receive each year depends on the size of your investment (£1 = 1 Holiday Point) and the number is reassessed at least once every year in line with the cost of providing additional holiday accommodation for new investors. This means that your holiday accommodation booking power is safeguarded for the lifetime of your investment. There are no restrictions on when you can go on holiday, where, or what kind of holiday home you can book. And you won't pay a penny in rent for your holiday - just a no-profit user charge when you book your holiday to cover the actual expenses of running the properties. All other management costs are met from the quarterly fee and that part of the HPB funds invested in securities.
Unused Holiday Points can either be rolled over for up to one year, or passed to friends or family members. And Short Notice breaks - and holidays at any of HPB's separate Tenancy portfolio of rented properties - are also available free of Holiday Points.
When considering HPB you should know that in its promotion and marketing, HPB Management Limited is authorised and regulated by the Financial Services Authority. For more information on this and other safeguards please click here. And all new investors benefit from our unique "Money Back Promise". Apart from the ability to encash under the "Money Back Promise", you can encash your HPB investment at any time after two years at a value linked to that of the related properties and securities. However there may not be a profit (and may be a loss) due to initial charges and fluctuations in asset values. In exceptional circumstances encashment may be deferred for up to twelve months. In reality the majority of Bondholders prefer to retain their HPB investment for the long term, before passing it and the related holiday benefits on to their children or grandchildren. And almost half of Bondholders go on to increase their original investment.
HPB's assets are controlled by an independent Trustee, HSBC Trustee (Guernsey) Limited which is registered at Park Place, Park Street, St Peter Port, Guernsey, Channel Islands, GY1 1EE. The Securities Manager is Baillie Gifford & Co registered at Calton Square, 1 Greenside Row, Edinburgh, EH1 3AN.
The HPB "family" includes HPB Management Limited (HPBM) registered company number 1581593, of HPB House, Newmarket, Suffolk, CB8 8EH which is authorised and regulated by the Financial Services Authority. HPBM is the property manager and main UK agent for HPB, itself issued by HPB Assurance Limited (HPBA) which is registered in the Isle of Man and authorised there by the Insurance & Pensions Authority. Accordingly, holders of policies issued by this company will not be protected by the Financial Services Compensation Scheme if the company becomes unable to meet its liabilities to them. Instead Isle of Man compensation arrangements apply to new policies.
HPBM and HPBA are part of the HPB marketing group and not independent of each other. HPBM offers only restricted advice, that is advice on HPB only.