Demand for UK remortgages of £1 million or more has doubled year on year at specialist broker Enness Global, as lenders increasingly compete for high-value borrowers.
Enness recorded 28 new UK residential remortgage opportunities worth at least £1 million between 1 January and 11 September 2026, compared with 14 during the same period in 2025. Overall remortgage opportunities increased by 23%, rising from 53 to 65, meaning £1 million-plus cases accounted for 43% of the total compared with 26% a year earlier.
The wider large-loan market has also expanded. Across Enness’s UK residential mortgage book, opportunities worth £1 million or more increased by 46%, from 50 to 73, while total residential mortgage opportunities rose by 17%, from 200 to 234.
Consequently, the proportion of the overall residential mortgage book represented by £1 million-plus opportunities increased from 25% to 31%.
The strongest volume growth came from mortgages between £1 million and £2 million, with opportunities increasing by 53%, from 34 to 52. Opportunities above £2 million rose by 31%, from 16 to 21, while £2 million-plus remortgage opportunities increased by 71%, from seven to 12.
The figures cover opportunities recorded by Enness’s London and UK business, not completed transactions, and are not intended to represent the wider UK mortgage market.
Islay Robinson, CEO of Enness Global, highlights the changing nature of the seven-figure mortgage market, with £1 million no longer necessarily representing a dividing line between conventional mortgage lending and private banking.
Depending on their circumstances, borrowers may suit mainstream lenders, building societies or private banks. Factors such as complex income, substantial investment assets and unusual repayment strategies can influence which type of lender is appropriate.
The growth in large-value remortgaging reflects several factors, including borrowers reaching the end of earlier low-rate deals, raising capital through refinancing, restructuring existing debt and seeking to increase liquidity without selling assets.
Greater competition between lenders has also contributed to market expansion, with mainstream and specialist providers increasingly developing dedicated services and underwriting teams for mortgages of £1 million or more.
The figures highlight the importance of reviewing lender options as larger mortgages approach refinancing. Differences in pricing, fees, flexibility, early repayment charges, and income assessment can have a greater financial impact as borrowing levels increase.
For high-net-worth borrowers, the growing range of options across mainstream, specialist and private banking channels provides greater scope to structure refinancing around individual financial circumstances and wider wealth objectives.
Read the full article here: Seven-Figure Remortgage Demand Climbs As Big-Loan Borrowers Refinance
