Holiday bonds

[riscagirl]

I'm quite interested in getting into these. Does anyone have any experience of them - or thoughts about them please?
RG

[dzug]

Well they are normally a scam or something approaching it - but occasionally they are OK ('Holiday Property Bond' for example, is a good one)

[Dee Sa]

Dont do it, you will be sorry, remember nobody gives you something for nothing, you will find yourself living in London and having to fly from Aberdeen etc to make use of them.

[KARL]

I can confirm that the Holiday Property Bond is a legit scheme based on you taking out an investment which in fact is centred around membership of a club and an investment type of life insurance. It has only to do with properties exclusively owned by the scheme and nothing to do with travel arrangements - it includes properties in the UK. I know people who invested a modest sum in this and are perfectly happy with their numerous holidays so far in UK and abroad - you can visit their properties by arrangement. The main difference between this and standard timeshare is that you pay no maintenance fee with the HPB unless you actually book a stay (days or weeks). The level of initial investment to achieve a holiday option is higher than (potentially) in standard timeshare and the (potential) scope of choice is more limited, but it may suit you. Do check them out but also look at the question beside yours on RCI points.

[riscagirl]

Thanks for the replies - I will procede with caution. It's the legit version -I think normally advertised by Sue Barker and Judith Chalmers .... the stately home type. I didn't think this would be a scam - but I will be cautious.
RG

[dzug]

The other difference from normal timeshare is that you can get (most) of your money back if you want out.

[KARL]

I think I remember correctly that in the first years you have little prospect of getting much back at all if you change your mind - your heirs might if you die, but not you. After many years I think things look better as to "selling up".