Holiday Property Bond

Specialist Reports Holiday by Accommodation Useful Timeshare Contacts Holiday Property Bond 

	Holiday Property Bond
HPB House, Newmarket, Suffolk CB8 8EH			MAP
tel: (01638) 66 00 66

You buy into the company in what is termed a life assurance bond, each £1 buying one index-linked point which can be spent annually at a range of 27 location in the UK and abroad, largely the Continent. In addition to the points there is a user charge to pay per holiday taken depending on dates and location plus the size of the accommodation which ranges from small apartments to three-bedroom villas, plus options like narrowboats. For two bedroom accommodation in the spring this might be £250 a week.
Minimum investment is £2,000 but a family wanting summer holidays plus a couple of other half term breaks would need more like £7,500.
Advantages are that at most sites there is plenty of equipment, including baby equipment, plus children's play areas, well equipped toy rooms and extensive video libraries. Unlike a timeshare purchase, there is no exchange fee for staying at a different property on different holidays. Disadvantages are that popular places get booked up well in advance and working out the points system can be difficult.
Bonds can be cashed after two years. The value is linked to that of the Bond's properties and securities.