remortgage

remortgage
▪ I. remortgage remortgage 2 noun [countable] FINANCE PROPERTY BANKING
a second or bigger mortgage on your property, especially a house; = home equity loan AmE; SECOND MORTGAGE:

• A remortgage is one of the cheapest ways of borrowing money.

  [m0] ▪ II. remortgage re‧mort‧gage 1 [ˌriːˈmɔːgɪdʒ ǁ -ɔːr-] verb [intransitive, transitive] FINANCE PROPERTY BANKING
to borrow money by having a second or bigger mortgage (= loan) on your property, especially a house:

• He advised me to remortgage with a lender with a lower interest rate.

• Millions of homeowners have remortgaged their homes to take advantage of lower interest deals.

— remortgaging noun [uncountable] :

• There are costs involved in remortgaging which you should weigh up against the savings you will make.

* * *

Ⅰ.
remortgage UK US /ˌriːˈmɔːgɪdʒ/ verb [I or T] UK FINANCE, PROPERTY
► to replace a mortgage that you already have with a new mortgage, for example one with lower interest rates: »

Fears that interest rates might increase before the end of the year spurred homeowners to remortgage.

 remortgage your home/house/property »

They remortgaged the family home in order to finance the business.

Ⅱ.
remortgage UK US /ˌriːˈmɔːgɪdʒ/ noun [C] UK FINANCE, PROPERTY
► a financial arrangement in which someone replaces a mortgage that they already have with a new mortgage, for example one with lower interest rates: »

340,000 loans and remortgages were granted to buy-to-let landlords in 2007.

 »

Our deal offers free valuation and free legal work on remortgages.

 »

remortgage deals/packages/schemes


Financial and business terms. 2012.

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Look at other dictionaries:

  • remortgage — ► VERB ▪ take out another or a different mortgage on. ► NOUN ▪ a different or additional mortgage …   English terms dictionary

  • remortgage — [spelling only] …   English World dictionary

  • Remortgage — A remortgage (also known as refinancing) is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security. The term is mainly used commercially in the United Kingdom, though what it describes is… …   Wikipedia

  • remortgage — UK [riːˈmɔː(r)ɡɪdʒ] / US [ˌrɪˈmɔrɡɪdʒ] verb [transitive] Word forms remortgage : present tense I/you/we/they remortgage he/she/it remortgages present participle remortgaging past tense remortgaged past participle remortgaged to borrow more money… …   English dictionary

  • remortgage — re|mort|gage [ˌri:ˈmo:gıdʒ US o:r ] v [T] to borrow money by having a second ↑mortgage on your house, or increasing the one you have ▪ We may have to remortgage the house …   Dictionary of contemporary English

  • remortgage — v.t., remortgaged, remortgaging. * * * …   Universalium

  • remortgage — 1. verb To mortgage again. 2. noun A subsequent or additional mortgage …   Wiktionary

  • remortgage — re|mort|gage [ ,ri mɔrgıdʒ ] verb transitive to borrow more money to pay for a house or property, or change the payment arrangements of an existing MORTGAGE ─ compare REFINANCE …   Usage of the words and phrases in modern English

  • remortgage — v. mortgage again, pledge again, place again as security against a debt …   English contemporary dictionary

  • remortgage — verb take out another or a different mortgage on. noun a different or additional mortgage …   English new terms dictionary

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