Demand for UK residential remortgages of £1 million or more has doubled year-on-year, according to new data from Enness Global.
Enness recorded 28 remortgage opportunities worth at least £1 million between 1 January and 11 September 2026, compared with 14 during the same period in 2025. Overall UK residential remortgage opportunities increased by 23%, rising from 53 to 65.
As a result, £1 million-plus remortgage opportunities accounted for 43% of the total, up from 26% a year earlier. Opportunities worth at least £2 million also increased significantly, rising by 71% from seven to 12.
Across all UK residential mortgage business, Enness recorded 73 opportunities worth £1 million or more, representing a 46% increase from 50 in the same period of 2025. Total residential mortgage opportunities rose by 17%, from 200 to 234, while the proportion worth at least £1 million increased from 25% to 31%.
The strongest growth by volume came from mortgages between £1 million and £2 million, with opportunities in this range increasing by 53%, from 34 to 52.
Islay Robinson, CEO of Enness Global, highlights the changing nature of the seven-figure mortgage market, noting that borrowers reaching the £1 million threshold do not necessarily require private banking. Depending on their circumstances, mainstream lenders, building societies or private banks may each offer appropriate solutions.
The data also demonstrates the importance of considering a borrower’s wider financial circumstances when selecting a lender. Complex income, substantial investment assets and unusual repayment strategies can all influence which lending structure is most suitable.
The growth in £1 million-plus remortgage opportunities points to an increasingly active and competitive large-mortgage market, with borrowers reassessing existing arrangements and considering alternative lenders as their financial circumstances and requirements evolve.
Read the full article here: Million-Pound Remortgage Demand Doubles Year-On-Year – Enness Global
