Y3S Group has launched Y3S Mortgages, a whole of market mortgage brokering service for financial intermediaries requiring residential and buy-to-let mortgages.

Y3S Mortgages is primarily directed at brokers who have opted out of giving mortgage advice but still receive enquiries from its clients requiring this service.

The firm claims the service removes the compliance issues and paperwork involved in securing mortgages, yet still allows introducers to receive a similar commission to that which they would have received if they had arranged the mortgage themselves.

Y3S has brought in John Pearson to head up the division, together with four qualified mortgage advisers. Pearson previously worked for Trustguard and Kensington Mortgages.

He said: “This service allows financial intermediaries