Brokers will now receive 1% of the total deal value once completion has taken place, a rise from 0.75%.

The new fee is effective immediately and is applicable to all new BTL applications, including those for the specialist range.

The change brings the BTL offering in line with the lender’s commercial investment product range.

In addition, YBS Commercial has reduced rates on its BTL range by 0.05%, including its specialist products.

The new BTL product rates start from 4.70%, down from 4.75%, for a five-year fix up to 55% loan-to-value (LTV) on loans over £750,000, with a 3% fee.

Other highlights include a five-year fix at a reduced rate of just 5.40%, down from 5.45%, for loans on houses of multiple occupancies (HMOs) comprising up to six bedrooms, up to 75% LTV, with a 2% fee.

YBS Commercial Mortgages managing director Angela Norman says: “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.”

“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.”