Speak with one of our consultants today for speedy, hassle free and impartial advice.

    Save time and effort by letting us provide you with an overview of your mortgage options.

    Tel: 01202 912182


    One-to-one service from your own dedicated case handler and fully qualified advisor.

    We provide all our clients with direct-dial contact numbers so you can always speak directly to our experienced team.

    Tel: 01202 912182

Welcome to Y-not Finance
Mortgages, Remortgages, Protection

Good service is a word that is commonly used but not always adhered to. At Y-not Finance we really do try and make an effort to provide an excellent level of service coupled with personal and professional communication. We have thought long and hard about the pros and cons of International and National call centres, the internet and listened to what really can irritate people with regards to service standards. We hope we have got the blend right as far as this is concerned and invite you to contact us with your questions and enquiries, Y-not give us a go.
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Time saving and personalised advice

The internet although convenient cannot give wholesome advice and is often two dimensional. Banks and some advisors can only offer a limited product range which means you may not get the best deal to suit your personal needs. This is not the case at Y-not Finance.

The mortgage market remains very diverse and intricate, which is why intermediaries can play such an important role to help inform consumers about the best products available and what is right for them.

Matching lenders and products to consumers is crucial to ensure sustainable lending and provides solid advice to potential customers.

Your home could be at risk if you do not keep up repayments on a mortgage, or any debt secured on it. Y-not Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA).

What People Say

  • We wanted to thank you and all your staff for all your help. Not only did you get us our mortgage, but two mortgages! We appreciate all the time and effort you took to assist us. Thanks again.Scott and Jo (first time buyers)
  • We wanted to thank you and your staff for the brilliant service, advice and patience you gave us whilst trying to purchase our home. Without your guidance and experience, we would never have got our beautiful new house.Peter and Nathalie
  • Tony is certainly one of, if not the most honourable and trustworthy people I have ever had the opportunity to meet, I cannot recommend him strongly enough and would encourage anyone looking for financial advice or any of the other services Y-Not offer to try Tony's at least once.Geoff Girdler - Executive Director at Capstan Communications Limited
  • I have known Tony for many years and wouldn't hesitate to endorse him and his work.Stephen Matthew - Owner, Matthew & Matthew

  • Amazing friendly service, tony and Billie have been amazing. Invaluable knowledge and there at all times of the day (even called me from Spain!!). Miss S Ricketts

  • Just awesome, can't recommend them enough. Miss R Johnson

  • Superb service and advice. Saving me time and always reply promptly to enquiries. Mr M Constable.

“We normally charge a fee of £295. In some circumstances this fee can be reduced or waivered depending on the amount of work involved. We will also get a commission from the provider if the mortgage completes. On occasion we may charge a higher fee  if the situation requires additional applications and time spent on the application process. You will be made aware of any charges before any additional work is carried out.”
Other costs to consider are legal fees including stamp duty, possible valuation fees and lender fees. All of the costs will be explained to you at the outset.

Current News

Tax breaks for buy-to-let landlords have been reduced

A cap has been placed on the amount landlords can claim on mortgage interest payments, in a decision that the Treasury says will "create a more level playing field between those buying a home to let and those buying a home to live in".

Previously those buying a property for the purposes of letting it out could deduct numerous expenses from any rental income they receive on renting out the property. These expenses include any mortgage interest; this is the case whether or not the buyer has taken out an interest-only mortgage or a repayment mortgage.

However, under the new rules, which will be introduced over a four-year period from April 2017, the amount landlords can claim as relief will be capped at the basic-rate of tax, which is 20%. At the moment, landlords are able to claim tax relief on their mortgage interest payments at the rate of tax they pay. This means that if they're a higher-rate taxpayer they are currently able to get 40% tax relief on the mortgage interest they're paying. Under the new rules this will be restricted to 20% – the equivalent of the basic rate tax – regardless of what rate of tax they're paying.

People buying additional property, including buy-to-let or second homes, will face a 3 % surcharge on stamp duty rates from April 2016.

The tax increases will apply to any additional residential property costing more than £40,000. You won’t pay the extra 3% if the property you’re buying is replacing your main residence and that has already been sold. If there’s a delay selling your main residence and it hasn’t been sold on the day you complete your new purchase, then you’ll have to pay higher rates because you own 2 properties; however, you may get a refund if you sell your previous main home within 36 months.

If you are purchasing any properties jointly with other people and any of them already own one or more properties, you’ll need to pay the higher rates. If you’re married or in a civil partnership, buying a property and your spouse or civil partner already owns a property you may still be liable to the higher rates. But you may be able claim a refund if they then go on to sell it.

New Second Property Stamp Duty Rates

Purchase price of property Rate paid on portion of price within each band
Up to £125,000 3%
Over £125,000 and up to £250,000 5%
Over £250,000 and up to £925,000 8%
Over £925,000 and up to £1,500,000 13%
Over £1,500,000 15%

Some of the detail in this article has been taken from www.gov.uk and is written without prejudice and for information purposes only.

Stamp Duty Land Tax rates
You have to pay Stamp Duty Land Tax (SDLT) if you buy a property in the UK over a certain price. This is charged on all purchases of houses, flats and other land and buildings.

None payable on the first £25,000
2% payable on the amount between £25,000 and £250,000
5% payable on the amount between £250,000 and £925,000
0% payable on the amount between £925,000 and £.5m

2% on the portion above £.5m
EG ; House bought for £325,000, Stamp Duty is £6,250.

Mortgage Market Review ( MMR)
In the Spring 2014 changes came into effect that basically tightened up the requirements that the various lenders needed to asses and approve mortgage applications. To quote some clients that tried to go direct to a bank or directly via an online application, “ Finding the right mortgage has become a complex minefield and the role of the broker has never been more important”. Time and money can arguably be saved by taking good, independent advice.

People often ask “where’s the job satisfaction in mortgages?" Well here's Leigh and Jemma on moving in day, "good Luck in your new home, so pleased for you!!"



We provide regular updates and a high level of communication throughout the process continuing right through to the completion date. Thereafter we are always available for regular reviews at a timescale to suit our clients.

  • Mortgages

    We have a quick and easy research system. This means that as soon as we hear from you we are able to give you fast and accurate information. Rates and products change frequently so it is important that we keep you up to date and ensure that you get the best possible deal.

    Getting the right deal is only part of the service, we will communicate with the solicitors, lenders and estate agents (if applicable) to make sure that the whole process runs as smoothly as possible. More importantly perhaps this will certainly save you time, hassle and money.

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  • Remortgages

    As you start to approach the end of your existing fixed or tracker rate or you are already on a standard variable rate it is a good idea to start looking at your options in connection with securing a product that suits your requirements. Part of our service to you is to help you assess the mortgage market and find a product that suits you best. This would include discussing your existing lenders products as well.

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  • First Time Buyers

    For all our customers and clients we talk through the process, costs and products with as much detail and care as possible. Our aim is to ensure that a full understanding and knowledge has been given to our customers according to their experience in these matters. We communicate regularly in a medium that suits our client. This can be via text, email, phone or personally.

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Main Types of Mortgage

The New Help to Buy Government Schemes

The Government has created the Help to Buy scheme to help people take steps to buy their own home. Whether you want to get onto the housing ladder or move up it, Help to Buy makes it possible to buy a new-build or existing home priced up to £600,000 with as little as a 5% deposit. - See more at: http://www.helptobuy.org.uk/#sthash.WNXzMwQz.dpuf

H2B Equity Loan
With a Help to Buy: equity loan the Government lends you up to 20% of the cost of your new-build home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan fees on the 20% loan for the first five years of owning your home. - Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000. You won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy equity loan. This scheme is available in England only. The Scottish Government, Welsh Government and Northern Ireland Housing Executive run similar schemes

H2B Mortgage Guarantee
A mortgage supported by the Help to Buy: mortgage guarantee scheme works in exactly the same way as any other mortgage except that under the scheme the Government offers lenders the option to purchase a guarantee on mortgage loans.

Because of this support, lenders taking part are able to offer home buyers more high-loan-to-value mortgages (80-95%).

You will still be fully responsible for your mortgage repayments. So if you have a 5% deposit, you will need to take out and pay back a 95% mortgage.

A mortgage under the Help to Buy: mortgage guarantee scheme works like any other mortgage. To qualify for a mortgage supported by Help to Buy: mortgage guarantee: the property you are purchasing could be an existing or new-build home in the UK, priced up to £600,000 you must not own any other property anywhere in the world at the time you buy your home supported by the Help to Buy: mortgage guarantee scheme your mortgage must be a repayment one, not interest only. Offset and guarantor mortgages are also excluded from the scheme you can’t let out the property to somebody else your mortgage can be taken out by an individual or individuals but not by a company you cannot use the mortgage guarantee scheme with any other Government scheme such as Help to Buy: equity loan or shared ownership. Your deposit for the property can’t come from a government scheme either you don’t have to pay any additional fee to Government to get a Help to Buy supported mortgage the size of the mortgage you apply for must be less than 4.5 times your income.

The Help to Buy: mortgage guarantee scheme will run for three years until 31 December 2016.


Having suitable insurance in place to protect not only your family but also yourself, at a time of great stress, is an integral part of life. It’s hard enough dealing with bad news let alone being placed into a situation of financial difficulty. Insurance can help repay your mortgage and provide financial stability for your family. In addition to this it can help supplement your income in the event of sickness and provide disability and illness cover buy way of a lump sum payout.

  • Level Term

    • We help you select the amount of cover you want and how long you would like the policy to run for.
    • The amount of cover stays at a certain level and will not decrease.
    • If you die during the policy term the insurer will pay the amount you are covered for.
    • If you set up a joint policy (one policy to cover two people) the amount of cover is paid out on the first death. This can be an economical way of providing adequate protection.
    • The policy stops when a claim has been paid. These policies have no cash in value at any time.

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  • Mortgage Cover Life Assurance

    • We help you choose the amount of cover you want and how long you would like the policy to run for.
    • The amount of cover reduces each month during the policy term and is calculated to be enough to equal the capital outstanding under a normal repayment mortgage.
    • If you die during the policy term your insurer will pay the calculated amount of cover at that time.
    • If you set up a joint policy (one policy to cover two people) the amount of cover is paid out on the first death.
    • The policy stops when a claim has been paid. These policies have no cash in value at any time.
    • This contract is often ideal for a repayment mortgage.

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  • Critical Illness

    • You choose the amount of cover you want and how long you would like the policy to run for.
    • If you die or are diagnosed with an earlier critical illness during the policy term your insurer will pay the calculated amount of cover at that time.
    • The types of illnesses covered are Heart Attack, Stroke, Cancer, and Multiple Sclerosis (the full list of illnesses covered are detailed by the insurers in their key features document which is available on request).
    • If you set up a joint policy (one policy covering two people) the amount of cover is paid out on the first claim.
    • The policy stops when a claim has been paid. These policies have no cash in value at any time.

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Buy To Let

Buy to let mortgage – We like to call it "The Rigsby"

Whether you are an experienced landlord or looking to enter this market for the first time we are here to help. BTL traditionally are a lot less reliant on your income and will also focus more on the rental income when assessing affordability. BTL are becoming more and more popular at the moment and the rental market is growing.

Y-not give us a ring for a free chat about how you can start your property portfolio.

Things to consider before you Buy to Let?

  • What type of tenant are you looking for? Think carefully about the type of tenant you want to attract e.g. Young professionals, families or sharers. Considering this issue may help you to decide on the type of property you purchase and its location.
  • Where's the best area? Do your research and visit lots of different areas. Location is an important consideration and will often determine the type of tenant you will let to. Don't necessarily buy locally to your home. Think about prosperous towns which might attract a higher demand for rental property.
  • What's the location like? Think about transport links, parking, shops, schools and other local facilities – pick the brains of letting agents for information about areas where properties may be easier to rent.
  • What state is the property in? If you're buying a property which needs improvements, then restrictions could be placed on the amount you can borrow and it could also delay how quickly you can let the property out. Can you afford the mortgage payments during the renovation period?
  • How much rent are you likely to receive? Do your homework – talk to local letting agents, check the local press to find out comparable rental values. What else do I need to know?
  • The policy stops when a claim has been paid. These policies have no cash in value at any time.
Buy to Let can be a huge investment and like all types of investment it carries some risks. Our Mortgage Advisers can help you understand the financial commitments involved Please remember there are no guarantees as to what rental income your Buy to Let property will generate and whether it will rise in value over the years.

Contact Us

We'd love to hear from you!

Find Us

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Birch View
53 Casterbridge Road
BH22 8LJ

Send Us a Message

Get in touch with us below, or send us an email at tony@y-notfinance.co.uk

Y Not Finance



01202 912 182



07515 493 490




Y-not Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA) number 536901. Your home could be at risk if you do not keep up repayments on a mortgage, or any debt secured on it. Trading address Birch View, 53 Casterbridge Road, Ferndown, Dorset BH22 8LJ. Directors Tony Brown and Belinda Brown.