HPB is a unique British idea, the brainchild of a small group of investors which rapidly became a proven success. As the number of investors (Bondholders) has grown, so has the number of holiday properties we have been able to buy or build. In fact we are proud to say that our growth and success have been driven by our Bondholders, who now have access to over 1400 holiday properties. www.hpb.co.uk
How it works.
- An initial payment of as little as £5,000 gives you units in the HPB fund which holds the entire portfolio of villas, cottages and apartments, as well as a securities portfolio, the returns from which go towards management costs. The HPB fund has an initial charge of 25% and the fund itself pays annual charges of around 2.5% of its net assets at cost, calculated monthly, as well as overheads.
- Every £1 of your initial payment gives you one Holiday Point every year. You can use these Holiday Points to book the HPB property of your choice. The number of Holiday Points required for a property depends on its location and size and the time of year you want to go.
- HPB's holiday benefits continue every year as long as you or your heirs hold the investment. Find out more about whether you should invest in the Bond in 2023.
- When you book a holiday you pay a no-profit user charge to cover the actual costs of running and maintaining the properties rather than a commercial rental charge
- The only additional payment is a quarterly charge of just over £35, that is around £140 a year, which can only be increased by no more than RPIX.
- As the Holiday Property Bond is a financial product, technically a life assurance bond, its marketing and promotion requires that we are authorised and regulated by the Financial Conduct Authority. You will be given everything you need to understand HPB and in particular the risks as well as the benefits, including restrictions on when you can cash in your HPB investment. As it is a financial product your capital is at risk and you should not expect to get back the full amount you have paid.
- All new investors benefit from a unique "Money Back Promise". If you take a first HPB holiday at any HPB owned property within three years of investing and are not entirely happy for any reason, you can apply to cash in your HPB investment within fourteen days of your return. Whatever the cash in value the parent company of the issuer of HPB will make up any difference so that you get back the full amount of your original payment. At least one Bondholder must take the first holiday.
- HPB has no borrowings and all its assets, being the holiday properties, securities and cash, are held by an independent, regulated trustee company.
