Philip and Christine Gallimore’s love of Majorca began more than 50 years ago when they spent their honeymoon in Palma. Back then tourism was in its infancy. Thirty years later the couple from Cheshire were introduced to the Holiday Property Bond by a friend and were delighted to find that Majorca was amongst the many locations in the property portfolio.
Happy memories flooded back and so they became Bondholders. That was 20 years ago and, in Christine’s words “We haven’t looked back since. HPB was definitely one of our best decisions, worth every penny. And as for Majorca, it may have changed a bit but it’s just as enchanting.” In the intervening years Philip, Christine and their daughters, Zoe and Adele holidayed all over the island but say ‘nothing compares to Biniorella!’ “It’s everything we could wish for, the most wonderful location with stunning views and superb accommodation, an hour or so from Palma and just a ten minute walk from bars, restaurants and a lovely beach.”
Three generations enjoying the Bond – this is a real family affair
“Now our girls are grown up and married” continues Christine, “and we have two gorgeous grand-daughters who we love spending time with, especially holidays where we can relax and have fun, Biniorella is just perfect. HPB is a real family affair!”
Seven years ago Zoe’s husband Bryan’s parents, John and Kathryn McCarthy who live in Limerick, joined them all at Henllys and were so impressed they too became Bondholders, so now three generations are enjoying HPB holidays with both sets of grandparents!
“This year is extra special as we are celebrating our 50th wedding anniversary (it was actually in 2020 but because of Covid we had to postpone ), Philip’s 75th birthday and 20 years as Bondholders. We’ve made many friends during this time and regularly meet up at different Bond sites in the UK and further afield. A firm favourite is Physkos in Turkey. But for sentimental reasons we decided to kick off the celebrations here at Biniorella and are looking forward to going to Portugal later in the year. More happy memories!”
If you enjoyed reading about the Holiday Property Bond, why not take our short quiz to learn more about becoming a Bondholder.
An initial payment from £5,000 and a quarterly fee of just over £35 (that is around £140 a year), which can increase in line with but not exceed the Retail Price Index Excluding Mortgage Interest (RPIX), gives you access to all HPB’s holiday homes. For each HPB holiday, you will pay a no-profit user charge covering only property running and maintenance costs and use of on-site facilities. The charge is the same throughout the year and for a studio averages about £347 a week and around £533 a week for a 2-bedroom property. Larger properties are also available. After an initial charge of 25% your money is invested in a fund of holiday properties and securities. The fund itself meets annual charges of 2.5% of its net assets at cost, calculated monthly. Your investment return is purely in the form of holidays and, as with most investments, your capital is at risk. You can surrender your investment to the company after two years or more (subject to deferral in exceptional circumstances) but you will get back less than you invested because of the charges referred to above, as well as other overheads and changes in the value of the fund’s properties and securities.
This advertisement is issued by HPB Management Limited (HPBM), the main UK agent and the property manager for HPB, authorised and regulated by the Financial Conduct Authority, registered at HPB House, Newmarket, Suffolk, CB8 8EH. HPB is available exclusively through HPBM. HPB is issued by HPB Assurance Limited (HPBA) registered in the Isle of Man and authorised by the Financial Services Authority there. 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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Tags: Holiday Property Bond, HPB Last modified: August 7, 2023
