The lender has made the move in a bid to increase its penetration of the market.
In addition the lender has changed the criteria on its Bank Base Self-Certification Tracker, which is now 1.25 per cent above Base and is available up to 90 per cent loan-to-value LTV. First-time buyers can borrow up to 85 per cent LTV and there is no requirement for a reference from an existing landlord. However, applicants must be self-employed to qualify for self-certification homeloans.
Trevor Child, marketing manager at Capital Home Loans, said: "The combination of the 1.25 per cent Bank Base Tracker and the increased procuration fee means that both the intermediary and their customers emerge winners.
"A typical £100,000 loan will now generate an £850 procuration fee."
