How does it work out for
investors? Laterlife interviews two of them
‘Majorca
7 times, France, Scotland, flats in Florida and Capetown - it’s home from home’ Stewart
Keir
 · ‘We’d been considering
buying a property abroad when we saw the ad for Holiday Property Bond. That was about 12 years ago when the kids were 17
and 15. It seemed the best answer - you get
the property without the worry of maintaining it.
· ‘We were one of the earliest
investors, and have had terrific use out of the scheme. We’ve
been to Majorca 7 times, as well as France, Scotland, Italy. We’ve had flats in Florida and Capetown -
usually 2 bedroom apartments.
· ‘You get different properties,
usually in the same development if you’ve been before. Almost
always with good views. Never anywhere next to a
disco or pub or shopping precinct. There’s
always a manager on site, and there have never been any problems.
· ‘The places are preselected
to a high standard, comfortable, well equipped, home from home.
· ‘We invested £10,000 and got
10,000 points to spend each year. The points
are inflation-linked, so they are revalued yearly. A
property may cost say 10,500 points now, but we still pay the 10,000.
· ‘We select from the properties
shown in the brochure. Points may be higher
for peak times and if you don’t use them up in one year, they are carried over to the
next. A typical holiday costing 10,000 points
would be a fortnight in 2-bedroomed accommodation in Majorca. You can always take two separate villas or flats if
one isn’t big enough for your family.
· ‘There’s also this 28 day
rule: if you make a booking within 28 days of
going on holiday, it’s points-free, subject of course to availability. You pay a ‘user charge’ instead, to cover
service and running costs. It’s usually
about £200 for a week.
· ‘Another good thing is that
the family can take the holidays if you want
to give them your points. And you can hand on
the bonds to family members.
‘We’ve never
regretted joining the scheme and wish we could get away more often than we do.’
‘We’ve had countless holidays. It
has really paid its way’
Greta Morris
· ‘We joined about 16 years ago
and invested £12,000. Now our points are worth
around 16,000.
· ‘It’s usual for us to take 3
holidays a year and as walkers we often go for the Lake District. More points are needed for the UK, and you have to book
early, especially for Easter and the school holidays.
· ‘Our children are aged 4 -14
years, and we tend to book from one year for the next to get the times we want. Many of the properties are in national parks and we are
very satisfied.
‘We have had countless holidays and the
Holiday Property Bond has really paid its way.’
Many
of the properties have pools and 3-4 bedrooms. Mouthwatering
catalogues await those interested in enquiring further.
You can view more details and request a full
information pack by clicking here.
Holiday Property Bond
 The Holiday Property Bond is a single premium whole of life assurance
bond issued by Isle of Man Assurance Limited. The Bond has been in existence since 1983.
It is the largest product of its kind and has assets totalling more than £130 million.
Investors have an investment that they can enjoy for life and pass on to their families.
Currently there are over 900 luxurious properties throughout Britain and Europe. A single
investment buys rent-free accommodation for life in any of the properties without the need
to pay exchange fees. Each investment buys holiday points to book the properties and units
in the fund. The units can be encashed at any time after two years for the then current
market value. The minimum investment is £3000. Obviously the larger the investment the
more holiday points owned.
 Unused points can be carried forward and if all the current year’s
points have been used then one can bring forward 20% of next year’s. It is also
possible to rent up to 10% of the holiday points required for a cash sum of 7% or 14%.
This is dependent upon the level of investment - currently an investment of £7612
qualifies an investor for as many extra holidays as one can take providing the booking and
commencement date are within 28 days. If a property is empty HPB want investors to occupy
as the user charge, payable per property per week, makes no profit whatsoever. Any unused
points can be rolled over for up to 2 years.
The Bond can be gifted to children or grandchildren, helping to reduce any
inheritance tax burden.
To see more details, parties to the bond
or to request a full information pack click here.
The information above was correct at
time of publication, please see the full HPB information pack for latest terms and
conditions.
|
