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Santander and TSB will lower the price on higher loan-to-value mortgages.
Santander will reduce higher loan-to-value mortgage rates by nearly 0.3 percent starting Thursday.
KEY POINTS
- 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
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