Hampshire Trust Bank (HTB) has delivered a £16.3m development loan facility as part of a build-to-rent development project in Coventry. The project will contribute to the regeneration of the local area and once complete, will consist of 57 one-bedroom apartments, 42 two-bedroom apartments and three studio apartments, alongside a reception area and residents lounge, as well as parking and bike storage facilities. HTB provided the loan across a 15-month term which has been structured at 65% of gross development value.

The Right Mortgage & Protection Network has launched a new series of education videos to support member firms with their use of the Acre mortgage and protection platform. The videos are hosted by members of its team and specifically focus on explaining various aspects of the Acre system covering several products, process and compliance areas.

Standard Life has launched a new guaranteed fixed term income product. The new offering provides a guaranteed income designed to offer more certainty for people approaching retirement but with added flexibility to adapt their plans once the fixed term period comes to an end. Aimed at people between the ages of 55 and 85, customers can fix the period that best suits them – anything from three to 25 years – with a minimum purchase price of £10,000.

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