New business offers fee-free mortgage advice

Customers aged 50 and older can get bespoke advice fee-free

New business offers fee-free mortgage advice

Rest Less, a digital community for people in their 50s and beyond, has announced the launch of its Rest Less Mortgages business, which seeks to help serve people aged 50 and older with fee-free mortgage advice across all mortgage products.

These products include buy-to-let, equity release, and retirement interest-only mortgages.

Rest Less Mortgages is headed by mortgage advisor Teddy Cenaj and supported by equity release specialist Tony Tobin.

“We are delighted to announce the launch of Rest Less Mortgages to help meet the complex needs of our members and to provide them with quality, reliable fee-free advice across the whole of the market,” Stuart Lewis (pictured), chief executive at Rest Less, said.

“Navigating the full suite of later life lending options can be difficult and it’s hard to know where to turn for advice. Should we downsize, how do we pay off existing interest-only mortgages, what should we do about inheritance tax on our property, should we help our children buy their first home - these are just some of the enquiries we are getting from our members on a regular basis.”

Cenaj, mortgage advice lead at Rest Less Mortgages, added that customers often approach them with complex needs or a specific problem to solve.

“Being able to offer fee-free advice across the entire suite of lending options available in later life – from standard mortgages to retirement interest-only mortgages to equity release – puts us in a strong place to be able to provide the best advice for our members,” Cenaj said. “Rest Less Mortgages offers customers in their 50s and 60s bespoke advice to address their specific needs as they navigate the many transitions that come with midlife and the implications on their property ownership.”

Rest Less launched in early 2019 as the UK’s first membership community to offer its members flexible work, learning, and volunteering opportunities.

Over the past three years, it has rapidly expanded its services for members, including a popular Money section. In just over three years, it has grown its membership base to almost one million members in the UK with an average age in their mid to late 50s.

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