Specialist mortgage broker Y3S has opened its second satellite office in six months, this time in the capital.

The new office will be run by Daniel Glicksman, formerly of Barclays Bank and Allan Phillips, who used to work for Loans 2 Go.

Glicksman’s role as a business development manager will primarily focus on growing the Y3S brand in London by engaging with brokers and IFAs in the area. Phillips will use his knowledge of the specialist loans market to service Y3S’s intermediaries and their clients.

The new London office coincides with a major recruitment drive that saw 16 new starters join the group at the start of September.

Matt Cottle, chief executive of Y3S Group, said: “Figures show that the specialist market has performed strongly this year and this has also been the case for Y3S and its group of companies.

“We know that the specialist market is still underserved and our latest branch opening is part of our group-wide strategy to build an increased national presence for an industry that is set to explode across all sectors of specialist mortgages.

“Daniel and Allan will be able to better serve a large base of London brokers while also forging new relationships and building our brand.”

Phillips added: “It’s an exciting time to enter the specialist mortgage market in London which is gaining significant ground on the more mainstream funding options.

“We will build upon Y3S’s deep-rooted broker network in the capital and look forward to working alongside their teams in the Cardiff area and Manchester.”