Ownership at Hope Barton Barns
The cottages are being sold under fractional ownership. Each cottage is divided into 10 fractions. Each fraction consists of 5 weeks per year which can vary from year to year across high, mid and low season.
Prices range from £13,000 to £60,000 per fraction with a 999 year lease.
As an owner you can use all/none of your chosen weeks and you may well chose to let your friends/family use the weeks or alternatively rent them out and let us look after the booking for you.
At the moment “Dial & Exchange” are giving Hope Barton owners FREE gold membership (usually £30 per year) and do not charge a joining fee.
For further details please go to www.dialanexchange.co.uk
How will they be sold?
On a fractional ownership basis.
Fractional ownership is not to be confused with timeshare. It offers much of the freedom and usage benefits offered in timeshare. If the property appreciates in value, the value of the fraction is also increased and in turn owners can then sell whenever they deem necessary.
In Hope Barton’s case each cottage is being sold in fractions of 5 weeks per year which change year on year. As an owner of a share in a cottage you automatically become a shareholder in “Hope Barton Owners Association Ltd” which is responsible for the maintenance and upkeep of the site.
Leases will be 999 years and can be freely bought & sold.
Is there a service charge?
Yes. This is based on the cost of maintaining the facilities and providing future expenditure minus the income generated from rentals and resales. Each service charge varies depending on the size of the cottage.
Please see attachment the below.
How do I choose my weeks?
The time allocation system we have, ensures that all owners have a fair turn in choosing their weeks. Our system of rotating priorities each year guarantees complete fairness to each owner by enabling them to plan and vary their chosen weeks from year to year.
The allocation is therefore 2 weeks in High Season, 1 in Mid Season and the other two in the Low Season.
What if I cannot use my weeks?
You have the following choices:
1 Rent it out and we take care of the booking.
2 Let friends or family use it.
3 Exchange it with Dial & Exchange or RCI.
4 Leave it empty.
What properties are available?
We have a number of cottages available. To find out what is available please get in contact with us.
Contact Lucy Searle on email@example.com or 01548 561 393 for more information.