This brings the proc fee paid to directly authorised intermediaries to 0.7 per cent of the loan amount, while advisers who are part of networks and clubs will receive 0.75 per cent. The lender’s packager partners will also be remunerated with 0.75 per cent of the loan amount. 

Quantum Mortgages said this could see advisers earn an additional £630 per completed loan. 

Jason Neale, managing director at Quantum Mortgages, said: “Our intermediary partners are facing a double threat to their incomes this year, in the shape of continued high inflation and the expectation that buy-to-let business could reduce by as much as 20 per cent.  

“This means not only could they see a decline in revenue, the cost-of-living crisis also makes whatever income is generated worth less in real terms.” 

He added: “We’ve always been keen to support our partners and introducers financially, as well as providing more options for their clients but as with any new start business in its first year, our own budgets were very tight.  

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“I’m pleased to report that we exceeded all targets in our first year and were considerably below our operating budget which gives us the opportunity to review our fee structure and generate more income for our valued intermediary partners.” 

The lender has been widening its distribution channels in recent months and joined a number of broker panels such as The Business Mortgage Company (TMBC), Paradigm and Mortgage Advice Bureau. 

Quantum Mortgages has also adjusted its criteria with changes such as an increase to its maximum loan size for specialist mortgages to £1m.