YBS Commercial Mortgages has increased its buy-to-let procuration fee and made modest rate cuts across its product range.

Effective immediately, brokers will now receive a 1% procuration fee on all new buy-to-let applications upon completion. This is an increase from the previous 0.75% and applies to both standard and specialist cases, including houses in multiple occupation (HMOs) and holiday lets.

The change brings the fee structure in line with the lender’s commercial investment product range.

The lender has also reduced rates across its buy-to-let range by 0.05%. Its five-year fixed product for loans over £750,000 and up to 55% loan-to-value now starts from 4.70%, with a 3% fee.

Meanwhile, its five-year fixed rate for HMOs with up to six bedrooms, available at up to 75% LTV, has dropped to 5.40%, also with a 2% fee.

Angela Norman, managing director of YBS Commercial Mortgages, said the enhancements underscored the lender’s commitment to its intermediary partners.

“We’re thrilled to take this step, aligning our procuration fees across the board, recognising the value that brokers bring to the lending process, their hard work and dedication to each and every case, and the critical importance we place on our partnerships with them,” she said.

“In addition, we’re really pleased to be able to improve the competitiveness of our buy-to-let range, offering better value for landlords and investors, including those looking for a specialist product offering.

“Each of these changes is part of our ongoing commitment to identifying and making improvements which benefit both our brokers and customers wherever we possibly can.”