Dragonfly Property Finance is increasing the size of the procuration fee payable to members of the National Association of Commercial Finance Brokers (NACFB).

The procuration fee on Dragonfly’s residential, refurbishment, commercial, buy-to-let and HMO medium-term loans will rise from 0.75% to 1%. For the lender’s second charge term and second charge bridging loans, the proc fee will rise from 1% to 1.25%.

Adam Tyler, chief executive of the NACFB, said: “When Jonathan [Samuels] and Mark [Posniak] brought Dragonfly to the market