Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Alexander Hall Reports 20% Mortgage Revenue Growth Driven by Refinancing

Alexander Hall, the financial services arm of Foxtons Group, reported a 20% increase in mortgage revenue for the first half of 2026, reaching £5.4 million compared to £4.5 million in the same period of 2025. The company attributed this growth to strong refinancing activity, operational enhancements, and improved links with Foxtons’ estate agency business.

Foxtons stated that operational improvements within its financial services division led to higher customer retention and increased ancillary revenues. Enhanced connectivity with the estate agency arm also supported robust new purchase mortgage revenues, despite weaker transaction volumes across the wider UK property market.

Financial Services Performance

Transaction volumes in Alexander Hall’s financial services division rose by 25% to 3,119 in H1 2026, up from 2,495 in H1 2025. However, the average revenue per financial services transaction declined by 4% to £1,740, compared to £1,816 a year earlier.

The division’s contribution increased to £2.1 million from £1.8 million in H1 2025, while adjusted operating profit rose by £0.1 million to £0.5 million. Foxtons highlighted the resilience of its financial services business, noting that adjusted operating profit growth in this area contrasted with declines in profitability across its sales and lettings divisions.

Market Context

Foxtons reported that new purchase mortgage revenues at Alexander Hall remained resilient and outperformed the wider sales market, even as overall property transaction volumes declined. The group said that its operational improvements helped drive higher levels of client retention and cross-sell revenues, supporting performance in a challenging housing market.

This update is relevant for UK letting agents and inventory clerks monitoring trends in mortgage activity, as refinancing and operational efficiencies continue to influence the broader property sector.