HPB’s holiday benefits are provided through a Holiday Points system, in which each £1 of your initial payment (minimum £5,000) entitles you to one Holiday Point every year. Each time you book a holiday, you exchange Holiday Points for the accommodation you want. These Holiday Points are reissued to you every year and if not used, can be “rolled over” for use in the following year.
You then pay only a no profit user charge, which covers property running and maintenance costs, rather than a commercial rental charge. The average weekly charge for a studio sleeping two is around £372, and £569 for a two bedroom property.
Your holiday benefits don’t just last for your own lifetime – in due course you can pass your Bond on to your children and grandchildren for them to enjoy too.
