Holiday Property Bond

Mrs_R_Badger

I am keen to holiday in the UK with my dogs. I am considering paying into the Holiday Property Bond and would love to hear the pros and cons please from anyone who has tried this scheme.

elsien

Is that not just a different name for a timeshare?

There are lots of places that allow you to book and take dogs.
so what’s the reason you’re looking at a timeshare rather than just booking places as and when you need them?

Mrs_R_Badger

Thanks ElsieN.  My impression was that it was different to a time share.  I had heard that the properties were upmarket and that you could get your money back if you wanted out.  I know you still have to pay when you visit properties.  I’m also spectacularly bad at booking holidays so it would encourage me to go away! 

Alan_Bowen

I have to say that I have never seen the attraction of the HPB. Holidays are normally paid out of income, this expects you to pay out of capital to buy points which you can use to book accommodation at a later date by paying a weekly fee. Everything appears to be based in the Isle of Man and involves life insurance policies (!) which are not governed by UK law. Yes, the accommodation is nice but to me, it appears you just give up access to your capital for no reason at all. And of course, you may find lots of weeks available in the middle of November and not a single date when you want to travel. 

sheramber

that you could get your money back if you wanted out. that you could get your money back if you wanted out. 

Not exactly

Can I withdraw my investment?

Yes. You can cash in your Bond after two years for its then value, subject to deferral in exceptional circumstances. You will get back less than you invested because of the initial and annual charges, as well as other overheads and changes in the value of the fund’s properties and securities.

What property you can book depends on how much you invest- minimum £5000  plus annual charge.  What can you book for the minimum £5000?

Have you confirmed the properties allow dogs?

You can find high class properties  that allow dogs without being tied to a Holiday Bond.

Mrs_R_Badger

Thanks for your comments.  I’ll shut down that little daydream.