0835 Leisure Summer 08_aw.indd - HLL Humberts Leisure

Focus | Holiday Property BondPointsThe Holiday Property Bond’s Holiday Points system has beenproven over the last quarter-century. And it is a model of fairness.Each £1 invested entitles the Bondholder to one Holiday Point perannum. And the ‘value’ of those Points is reviewed annually, andincreased or decreased in line with the cost of providing additionalaccommodation for new investors.Existing Bondholders’ Holiday Points are then adjusted based onany revaluation – providing a useful hedge against inflation, andensuring that the value of Bondholders’ holiday entitlements ismaintained throughout the lifetime of their Bond.By way of example: an investment of £1,000 made in 1983 would– today - secure holidays currently requiring 2,550 Holiday Points.GuaranteeHPB also offers new investors a unique guarantee: If they bookand take their first holiday at a Bond-owned site any time withinthree years of investing, and are not 100% satisfied, they maycash-in their Bond within 14 days of their return. They will receivethe Bond’s then unit value (which may have gone up or down)plus a full refund of their initial charges.Of the 1,355 new Bondholders taking their first HPB holidays in2007, only six – that’s less than 0.45 percent - encashed theirBonds under the guarantee. The TCA has not reported a singlecomplaint in respect of HPB.Putting that into context, the TCA reports that timesharecancellation rates vary from around 15 percent (at the ‘top end’ ofthe market) to over 70 percent in the volume market.No penaltyWhilst timeshare owners seeking to sell may be penalised bythe developer through, amongst other things, transfer fees,investors in HPB able to transfer their Bonds to their children andgrandchildren without charge.This, above all else, illustrates the fundamental difference betweenthe Bond and some other shared ownership schemes: as aninvestment in your – and your family’s - future holidays, it’ssomething you may actually be pleased to share.Further informationTo find out more about the Holiday Property Bond:Visit www.hpb.co.uk.Freephone 0800 856 0065 or email details@hpb.co.uk.Whilst stocks last, enquirers will receive a complimentary copyof “HPB: then. And now” - which commemorates the Bond’sfirst quarter century and profiles a number of its longstandinginvestors, many of whom are now able to book their 2009 holidayaccommodation at the equivalent of 1980s rates.The latest Timeshare Consumers Association reports are availableto download at www.timeshare.org.uk.ContactGeoffrey Baber, Managing Director, Holiday Property Bonde: gbaber@hpb.co.ukNigel Talbot-Ponsonby FRICS, Londone: ntp@humberts-leisure.com t: +44 (0)20 7629 6700Please note: The contents of this article are the author’s sole responsibility.They do not necessarily represent the views of Humberts Leisure Limited.22 Summer 2008