Weekly Meeting - Barney Baber - The History of HPB

Wed, May 18th 2016 at 8:00 pm - 10:00 pm

Friend: Martin Odell VOT: Mike Frost

The History of the HPB

Barney Baber, the operations manager for Holiday Property Bond (HPB), presented an overview of an alternative to timeshare that has the added credibility of several long standing satisfied customers within the Club.

HPB which combines the sense of property ownership with the elements of a holiday club has attracted a steady flow of investment from when it was launched in 1983. Net assets are now £275 million with 42,000 members. HPB's portfolio of 1,400 properties offers some of the most desirable self-catering holiday locations in the UK and Continental Europe and some special properties, from restored stately homes, to modern villas.

HPB membership is through purchase (minimum cost £5,000) of a life assurance bond, which invests in securities and holiday properties. What differentiates it from timeshare investments is that via a points based system its bondholders are able to stay in any of the properties in its portfolio, rather than being limited to just one. The life assurance bonds can be passed on to family members and are marketable with a cash in value after two years. There is an early money back “safety net” with conditions within the first three years.

The factor that shows most clearly that HPB is purely a lifestyle product rather than a capital growth investment is its charges. To start with there is an initial charge of 25% plus a 2.8% annual management charge. A user charge is made for each holiday week taken to cover property overheads. Travel and food costs are on top.

Nonetheless, HPB has enduring popularity, proving that excellent customer service and a solid reputation still speaks volumes when serving a market that wants an enjoyable holiday of a consistently high standard, in good locations with like-minded individuals.

Interested investors should speak to their financial advisor, or better still, a HPB participating Club member, who will be pleased to share any referral commission.

Mike Frost

Related pages...

District Governor Richard Purdon with President Dave and the President of Cheltenham North

Weekly Meeting - Richard Purdon (District Governor)

more Friend: Dave Threlfall VOT: Derek Thomas

Weekly Meeting - Fish and Chip night (Outside Visit to Simpsons, Cheltenham)

more Friend: N/A VOT: N/A

Weekly Meeting - Brian Partridge - 'You cannot be serious?'

more Friend: Mike Frost/Roger Smith VOT: Chris Lutton

Weekly Meeting - Club Assembly & Handover

more Out with the old and in with the New!

Weekly Meeting - Diana Blanchard (Live to Love UK)

more Friend: Peter Harris VOT: Mike Holyoake

Weekly Meeting - Dr Paul Haigh (Experiences of an Engineer in the former Soviet Union)

more Friend: Duncan Lord VOT: Richard Colley

Kids Out

more Web-form for helpers

Weekly Meeting - Kate Farminer & Jo Sutherland (Charlies)

more Friend: Paul Rosewell VOT: Peter Burton

Weekly Meeting - Karl Gwilliam - Mentoring Young Futures

more Friend: Gordon Wilde VOT: John Harris

Weekly Meeting - Informal Evening - Topolys

more Friend: VOT:

Weekly Meeting - No Meeting Alternative

more The Sports Committee is offering 9 holes of golf/Skittles/Tenpin Bowling. Indicate your preference for which on the Form please.

Weekly Meeting - Charter Night (Dame Janet Trotter)

more Friend: Roger Atkinson VOT: Adrian Smith

Weekly Meeting - Luke Simon (School in a Bag)

more Friend: Roger Smith VOT: David Wrigley

Weekly Meeting - Mike Till - Yes, the Army is fine"”or was it?

more Friend: Richard Sugdon VOT: Tony Priestley

Visit to the Bloodhound Project Avonmouth Wed 27th Jan.

more There is a cost of Â£500 for the visit. Therefore a min no of 25 would be Â£20/ head. It may be open for guests. Please indicate your interest on the form and if you would like to bring a guest.