Mortgage Required has bought fellow broker Y-Not Finance for an undisclosed sum.

Mortgage Required advises on residential mortgages, remortgages, buy-to-let and equity release, while Y-Not focuses on mortgages, remortgages, protection and buy-to-let.

Maidenhead-based Mortgage Required was founded in 2001, while Y-Not is located in Ferndown and started in 2010. It will be keeping its name as part of the acquisition.

A spokesperson for Mortgage Required said that the two firms had “a wealth of experience and shared values”.

Mortgage Required managing director Tim Atkinson (pictured) said: “We clicked with the team at Y-Not immediately, and believe that they are a fantastic fit to join our already strong mortgage and protection team at Mortgage Required.

“We look forward to working together to continue delivering first-class advice and outcomes for our clients.”

Y-Not Finance managing director Tony Brown said: “Joining the team at Mortgage Required is a positive step for the team at Y-Not, as it allows us to continue prioritising our clients with the benefit of broader support.”

Mortgage Required is “always looking” at further acquisitions, Atkinson added.

Earlier this week Mortgage Advice Bureau bought technology firm Dashly for £2.8 million.