The subject of this invention is a laterally unconstrained magnetic joint and application of said joint in tip-tilt and piston-tip-tilt optical mounts. The laterally unconstrained magnetic joint in its basic embodiment comprises two interfacing parts: one having a flat surface interfacing a convex surface of the other, wherein one or both parts are made from permanent magnets that are magnetized along the axis of the joint, and the other of the said parts is made from a ferromagnetic material thus creating magnetic force attraction between the two parts. The resulting lack of lateral mechanical constraint between the two parts of the joint is utilized in tip-tilt mounts by decoupling an adjustor and/or actuator from the payload resulting in a simple, uniform design, while magnetic force provides retention sufficient for a wide variety of applications.