But that is the guarantee of The Dream Lodge Group, which has seven UK holiday parks and will announce its eighth at next month's Ideal Home Show. Dream Lodge parks began as mobile home parks in the 1960s but have gone upmarket.
The mobile homes on most of the parks have long been replaced with lodges and while wooden holiday homes once lasted only 10 or 20 years, these days wood and resin composite lodges have a 100-year life expectancy. As a result, owners are granted a licence to keep them for 50 years without buying new ones.
"Seven years ago we decided that lodges were the future and we have pushed the standard through the roof," says Graham Boswell, the company's Lodge Investment Specialist.
He says new luxury lodges on Dream Lodge parks are built to modern housing standards, with high thermal efficiency: "They are timber-framed houses that happen to be on wheels." Those wheels are extremely important because it means there is no stamp duty or VAT to pay, even though the lodges can be lived in or rented year-round.
And it is with holiday lets that the company, and the owners, make money. With interest rates stuck firmly in the gutter, investors are searching elsewhere for opportunities to invest their savings. One popular strategy is the buy-to-let market, you or if you have the funds available you buy a property and then get an income from the rent. With property prices still rising, it's a technique that offers a degree of security whilst still returning decent returns on your investment. Sadly, you need to be aware of potential problems. The following link offers answers to questions such as Does Direct Line Landlord Insurance Cover Buy-To-Let Properties?.Broadly speaking, one third of owners live in Dream Park lodges or keep them for their own use, while one third rent them out for some holiday use and one third are in the company's investment scheme. Investors can buy a lodge outright, or buy a half or quarter share.
Full ownership entitles investors to eight weeks' holiday in any of the company's parks, while half-ownership gives four weeks and a quarter two. Most Dream Lodges are built by Pathfi nder Homes, which can also organise the interior design.
As a result some are "dressed" like beach houses or boutique hotel rooms, and investors can buy everything from bedding to teaspoons. This year Dream Lodges is aiming for £3.5m worth of holiday lets, but its long-term target is £20m a year.
"We know the market is there," says Boswell. "For us to take £20m of sales we calculate how many beds we need. We buy the parks but we look for investors to buy the lodges. It is not quite venture capital but is that sort of thing."
So why would you buy a property that you don't intend to use yourself, just so that Dream Lodges can make money by renting it out? "A lodge that gives you 8 per cent is a really good reason to invest," says Boswell.
"The lodges are going up in value but that is a bonus, and tax efficiency is another." Dream Lodges has three investment options.
Its first is to buy a lodge outright between £150,000 and £220,000 and receive a guaranteed return of 8 per cent for three years which translates into variable monthly net rental payments of £12,000 to £17,600 a year, plus six to eight weeks' holiday entitlement.
For a fixed monthly income you can invest £50,000 to £200,000 and receive £4,000 to £16,000 income per year, with two to eight weeks' lodge use.
But those taking the third option of a lump-sum return can invest £50,000 to £200,000 and get a fixed rate of 27.5 per cent: a lump sum at the end of three years of £13,723 to £54,894.
Boswell stresses that anybody considering investing should get independent financial advice, although guidance is available through the company. "It is a new investment area," he says confi dently.
"We don't need to give a guarantee of eight per cent because we know the lodges will get that - but we do anyway." Seems too good to be true? Get along to the Ideal Home Show at Olympia (March 20 to April 6) and ask for yourself.
Cold snaps are the weather phenomenon most likely to damage UK business performance, with the cold weather costing the economy an estimated £2.5bn a year, according to new research released today.
Economists from the Centre for Economics and Business Research (Cebr) examined the relationship between different weather events and economic growth across the UK's main industries over the last decade.
They found that since 2005, periods of very cold weather have seen quarterly GDP growth on average 0.6 percentage points lower than typical levels. Our TV screens seem to be overwhelmed by solicitors imploring us to claim for each and every mishap, it seems that there is no such thing as an accident in this modern age. Somebody is to blame and they need to pay!. With this in mind, it would be an extremely brave (or perhaps foolish) small business owner who made the decision that public liability insurance wasn't necessary. Click the link to get an answer to any questions that you might have on Does Direct Line Tradesman Insurance Cover My Staff?.When minimum temperatures are one degree Celsius lower than average, quarterly GDP is on average £2.5 billion lower. This is a bigger negative effect than any other form of adverse weather, including snowfall, heat waves or flooding.
The fall in GDP results from lower output across a number of industries and lost productivity as transport links and staff availability suffer. Those who do get to work on particularly poor weather days often meet a skeleton staff, hindering productivity.
Whilst cold has the biggest negative effect on the economy, different industry sectors are impacted by different forms of extreme weather. For example, professional services and accommodation and food are the sectors that take the biggest hit from heavy rainfall. High rainfall has a big impact on office-based jobs, with just 10mm above average costing the economy £86 million in a single quarter. In January 2015 rainfall was 26.5mm above the 2004-2014 January average of 126.8mm -- potentially costing the economy £76.3million over the quarter.
IT sector resilient, but SMEs suffer
The IT sector is one of the few to see positive growth during poor weather. Cebr concluded that this is because the sector leads the way in using cloud-based... continued on page two
Bill Gates has been named the richest person in the world for the 16th time in 21 years by Forbes.
According to the Forbes 2015 Billionaires list, the Microsoft founder's fortune grew by $3.2bn to $79.2bn. That comes despite making a $1.5bn donation of Microsoft shares to The Bill Melinda Gates Foundation in November.
Carlos Slim Helu of Mexico comes in again at No. 2 while revered American investor Warren Buffett took back the No. 3 spot from Spain's Amancio Ortega, who dropped to fourth place.
Warren Buffett saw the biggest increase, with improved Berkshire Hathaways' share price helping to grow the investor's fortune by $14.5bn. Facebook founder Mark Zuckerberg broke into the top 20 for the first time, climbing five places to No. Our TV screens are overwhelmed by solicitors imploring us to claim for each and every mishap, it seems that there is no such thing as an accident in this modern age. Somebody is to blame and they need to pay!. Bearing this in mind, it would surely be a very brave (or perhaps foolish) owner of any business, be it big or small who decided that public liability insurance wasn't necessary. Click the link to get an answer to your questions that you might have on Why Must I Have Public Liability Insurance?.16.
The overall wealth of the Forbes list increased from $6.4 trillion to $7.05tn. But the average net worth of those included dropped $60m to $3.86bn.
There were 290 newcomers, 71 of whom come from China. The 2015 list is also home to a record 46 billionaires under the age of 40.
Of the 1,826 billionaires on the list, just 197 were women. That figure is up from 172 last year, but women still represent just 11% of the list.
Pedestrians walk past a branch of Lloyds. The banking group was the most complained-about business during the second half of 2014. Photograph: Facundo Arrizabalaga/EPA
Complaints about payment protection insurance (PPI) are still making up two-thirds of all the cases being dealt with by the financial ombudsman, which named Lloyds and Barclays as Britain's two "most complained-about" financial firms.
The Financial Ombudsman Service received almost 105,000 new PPI complaints during the second half of 2014, taking the total for the whole year to more than 238,000.
Complaints about financial products other than PPI remained relatively stable - there were 56,771 in the second half of 2014 compared with 57,310 in the first half - though banking complaints increased by 8% and investment cases by 4%.
The current average "uphold rate" - where the ombudsman finds in favour of the customer - is 52%, though this disguises huge variations.
Uphold rates for individual businesses range from 4% at Coventry Building Society to 98% at Secret Eye Ltd, a credit broking company.
Lloyds Banking Group was the most complained-about business during the second half of 2014, with 46,000 cases across its brands, though this was down 25% on the first six months of the year.
In second place was Barclays with 21,500 cases, and in third was Royal Bank of Scotland with 13,400.
Lloyds Bank also topped the table of most complained-about brands in relation to PPI, with 20,000 cases during the period 1 July to 31 December, and an uphold rate of 82%. Again, Barclays was in second place, with 15,700 cases.
The widespread mis-selling of PPI by banks, credit card companies and other lenders has resulted in payouts totalling billions of pounds.
Companies pushed PPI policies alongside loans and other credit deals with the promise that payments would be covered if borrowers found themselves unable to work. Our TV screens are overwhelmed by solicitors pleading with us to claim for each and every mishap, there is obviously no such thing as an accident in this modern age. Somebody is to blame and they must be made to pay!. With this in mind, it would surely be a very brave (or maybe foolish) small business owner who decided that they didn't need public liability insurance. Click the link to get an answer to any questions on Is It Against the Law To Not Hold Public Liability Insurance?.But, in many cases, exclusions meant customers could never make a claim.
Caroline Wayman, the chief ombudsman, said: "PPI complaints still make up the bulk of the ombudsman's workload, and resolving these cases remains a priority.
"Although it's good news that complaint numbers are starting to level off, we have seen a change in the nature of the PPI complaints people are asking us to resolve - which are becoming increasingly hard-fought and more complex."
She added: "It will take time to rebuild people's trust and confidence in the financial sector."