Get Your Payment Breakdown by Booking
NO SIGN UP FEES
Unlike many of our competitors, FBM Holidays does NOT charge a registration fee when you sign up with us.
FBM Holidays offers very competitive commission rates, details of which are available on request.
Owners are paid monthly by BACS directly into their bank account. They are paid the month following the date the holiday booking ends. Payment is made within the first 10 working days of each month. A monthly statement of account is sent either by post or email, depending on the owner’s preference.
The revenue paid will be the net rent after the deduction of the Cancellation Scheme/Booking Fee, less Commission and VAT as shown on the contract. Other deductions if previously arranged with the owner e.g. for cleaning or repairs and replacements to the property will also be charged before making payment.
Cancellation Scheme/Booking Fee:
Our all-inclusive holiday cancellation scheme/booking fee (paid for by the holidaymaker) is designed to protect the visitor in case of cancellation and the owner against loss of revenue should the property not be re-booked. Payment is subject to the property being available for us to re-let throughout the canceled period and the amount paid will not exceed the amount due from the original booking.
Public Liability Insurance:
All letting properties must have adequate buildings and contents insurance as well as public liability insurance with a £2,000,000 minimum level of cover. We would recommend getting your insurance from holiday letting insurance experts. Below are some recommended insurers:
Visit Wales Grading:
FBM Holidays is an accredited agency and therefore, we guarantee that all properties on our portfolio must be graded by Visit Wales and achieve at least a 3-star rating. The first Visit Wales inspection must be conducted within 6 months of your property becoming part of our portfolio. In the meantime, we will apply an interim grading, based on the standard Visit Wales criteria and using our best assessment of your property. We can arrange Visit Wales inspections on your behalf, and we can obtain substantial discounts for you by dealing with Visit Wales directly, as an accredited agency. If you elect for us to do this, Visit Wales will carry out their inspection bi-annually and we will conduct regular FBM Holidays inspections also, free of charge, as an ongoing measure, but also in the intervening year to ensure standards remain high. If you prefer to arrange Visit Wales inspections privately, they must be carried out annually.
For more information on the grading itself, visit our Visit Wales Grading information page.
At the beginning of every month we will send you an Arrivals Report, outlining all upcoming arrivals. This report will include the booking reference number, the name of the person who made the booking, the number of adults and children in the party, arrival and departure dates and the net monies payable to you. Please ensure you check this report carefully and are aware of the bookings on your property. Housekeepers are also advised of bookings and arrival and departure dates to ensure they plan their cleaning schedule accordingly.