# Santander and TSB will lower the price on higher loan-to-value mortgages.

*fintech · news · 2026-04-16 · City A.M.*

## Key points

- Santander will reduce higher loan-to-value mortgage rates by nearly 0.3 percent starting Thursday.
- TSB will cut two-year fixed rates by up to 0.45 percent, despite some simultaneous price increases.
- These reductions are the first lender price cuts following weeks of mortgage rate hikes.
- The average mortgage listing time in March dropped to eight days, a record low since 2011.
- Five-year fixed mortgage rates surged to 5.54 percent after the Iran conflict, the highest since 2024.

**Companies:** Santander, TSB
**Countries:** Iran, United Kingdom

[Read the full story on City A.M.](https://www.cityam.com/santander-and-tsb-kick-off-mortgage-rate-cuts-after-iran-turmoil/)

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