Spreading the word about HPB
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The Holiday Property Bond offers exclusive access to over 1,400 properties to its 42,000 investors across more than 30 locations.
You can read below how one Bondholder went on to spread the HPB word, but first a brief explanation about the Holiday Property Bond.
A. How can I holiday better?
Invest from £5,000 in the Holiday Property Bond for exclusive access to a portfolio of over 1,400 top quality villas, cottages and apartments in over 30 locations across the UK and Europe. For each £1 invested you will receive one Holiday Point each year which you can use to book the properties. And when staying in them you do not pay a commercial rent, just a no-profit user charge covering actual running, maintenance and refurbishment costs. This charge is level throughout the year so there are no high season premiums. For a studio for two the charge averages about £300 a week, for a two bedroom property sleeping up to six around £460 a week. And there are larger properties available. This no-profit user charge is only payable when you want to go on holiday. Your only ongoing commitment is a quarterly fee of just over £30 – that is around £125 a year.
B. Will there be more properties in the future?
As we attract more investors the more properties we will add to the portfolio – increasing your holiday choice still further.
C. How long can I holiday with HPB?
For life if you wish – the holiday benefits last as long as you hold the Bond. In due course you can pass it and the holiday benefits to your children and grandchildren, as many of our earlier investors have already done. If, however, at some point you and your family no longer wish to holiday with us you can surrender your Bond back to the company after two years or more (subject to deferral in exceptional circumstances). You will not get back the full amount you invested, although we would hope that you will have had some wonderful holidays. What you do get back will reflect initial charges (25%) taken before your money is invested in the HPB fund of holiday properties and securities. The fund itself also pays annual charges of around 2.5% and other overheads. The value of the fund’s properties and securities can also go up or down and so, like most investments, your capital is at risk.
For Mr and Mrs Sparrow, HPB was too good not to share ...
“Susan and I invested in the Holiday Property Bond in 1993. In 2000, I became a representative for the organisation. The reason? It was the best investment I'd ever made – and I couldn't keep it to myself!” – Frank Sparrow
Frank Sparrow and wife Susan live in
Havant, on England's south coast. The couple both enjoyed long careers with a
major high-street bank – but were happy to accept early retirement. “We used
part of our pension to invest in HPB,” Frank recalls. “I'm sure our story is
not so unusual: we'd known about the Bond for a while; we had a visit from a
representative, who simply told us the facts and left us to make up our own
minds; and we knew it would still have some value if we wanted to cash it later.”
“Pretty early on, it was clear that that was never going to happen!” Susan interjects. “We took our first HPB holiday, to La Reserva de Biniorella in Majorca, when our children Will and Lizzy were 10 and seven years old. They loved it, and so did we. I suppose you could say Biniorella is a favourite – and last year we had a chance to revisit: this time with grown-up Lizzy, now a Montessori teacher, her husband Abu, a GP, and our wonderful grandsons, Isa and Junior. Such happy times.”
Over the years the Sparrows have made good use of their Bond. “We've never been disappointed,” says Frank. “Constant, HPB's restored hamlet in the Dordogne, is a delight. Stigliano, an 800-year-old Tuscan palazzo, must surely be a jewel in the HPB crown... and there are so many others. And, of course, the portfolio is growing all the time.”
After seven years in HPB, however, Frank had a growing feeling that simply 'being a Bondholder' was not enough; he, Susan, family members and friends had chalked up an impressive tally of breaks on the Sparrow Bond, and it was time to spread the word. “I'd been doing various things – odd jobs, really – since leaving the bank,” he says. “When we weren't on holiday, that is! Which was fine; but I was looking for something to really get my teeth into, something worthwhile. HPB approached me (which was flattering) and asked if I was interested in learning more, with a view to representing the organisation. There was a lot to discover, exams to pass (the Holiday Property Bond being a financial instrument, when all's said and done), and extensive training to undergo before I could call myself an HPB rep. Everyone on the sales force goes through it and it's that financial probity, that adherence to stringent standards, that sets the Bond apart.”
For the next 13 years, Frank was proud to introduce HPB to the denizens of Hampshire and beyond. “I can honestly say, it was an absolute privilege,” he says. “I met so many interesting people over the years, and made many friends. Occasionally, the Bond wasn’t right for somebody; and that’s fine, there is never any pressure. But it was always such a pleasure to talk to people, to find out about their jobs, their priorities, their families, their aspirations. I loved every minute of it.”
Frank still keeps his hand in as a representative of sorts – when time allows attending Open Days at Langton House, the Bond's home on the Isle of Purbeck in neighbouring Dorset, and taking visitors on private tours of the site. “It's lovely when people first walk in,” he says. “They don't know what they're coming to, what to expect – but showing them round the site, the facilities and so on, and answering their questions, you can almost see the idea taking root: 'Yes, this could be just the thing for us...'”
He formally hung up his 'HPB-rep' hat
in 2013. The reason? In a word, grandchildren. As well as Lizzy's two boys, son
Will, a college lecturer, and wife Chloë, a senior social worker, have two
beautiful daughters, Olivia and Ruby – “so we're kept very busy!” Susan laughs.
“We all live close to one another, so Frank and I are always being called upon
to babysit, or do school runs, or trips to the dentist, or to take in parcels
ordered online (our house is known as 'the depot'). But we wouldn't have it any
Will and Lizzy use Mum and Dad's Bond independently, and will inherit in due course. But for now, the extended Sparrow family's attention is focused on two big get-togethers: first, a 10-strong trip to Henllys, HPB's Anglesey home to celebrate Susan and Frank's ruby wedding anniversary; and then the following year all 10 of them hope to convene again at El Pueblito de Alfaix, the Bond's holiday village in southern Spain, to mark Frank's 80th birthday.
The Coronavirus pandemic has put an unwelcome question-mark over holidays recently; but the Sparrows remain hopeful. “And I have to say, if any organisation should be proud of how well it's coped under these most difficult conditions, it's this one,” says Frank. “As a former representative, I do have a certain insight into how the company runs – and I have been so impressed by their handling of this crisis. HPB have done, and are doing, everything possible to ensure that Bond holidays can resume, and/or to address Bondholders' concerns and make sure they don't lose out – financially or any other way.” You can read in greater detail about how the Bond is inspiring confidence in its investors during these difficult times.
“It's great to know that we're all in such safe hands,” Frank concludes. “Looking forward to, and enjoying, good holidays is what the Bond is all about for Susan and me, our children and grandchildren, other family and friends... and the ever-growing number of folk who find HPB a perfect fit. I'm proud to have played a small part in introducing just a few of them to this wonderful organisation.”
You can enjoy holidays like this too
Find out more about how you can take your pick from over 1,400 holiday properties at more than 30 stunning locations in the UK and throughout Europe. Click here for your free HPB information pack, with full colour brochure and introductory DVD.
This advertisement is issued by HPB Management Limited (HPBM) registered at HPB House, Newmarket, Suffolk, CB8 8EH. HPBM is authorised and regulated by the Financial Conduct Authority and is the main UK agent and the property manager for HPB, issued by HPB Assurance Limited (HPBA) registered in the Isle of Man and authorised by the Financial Services Authority there. The Trustee of HPB is HSBC Trustee (C.I.) Limited registered at HSBC House, Esplanade, St Helier, Jersey, JE1 1GT. The Securities Manager is Stanhope Capital LLP of 35 Portman Square, London, W1H 6LR.
HPBM promotes only
HPB and is not independent of HPBA. Holders of policies issued by HPBA will not
be protected by the Financial Services Compensation Scheme if the company
becomes unable to meet its liabilities to them but Isle of Man compensation
arrangements apply to new policies.
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145 people found this feature helpful