Definition of remortgage in English:

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remortgage

Pronunciation: /rēˈmôrɡij/

verb

[with object]
Take out another or a different kind of mortgage on (a property).
Example sentences
  • One reader in her mid-30s was remortgaging her property last year with AIB.
  • Nor will you investigate remortgaging your property, nor do anything about that costly endowment.
  • In 1989 the son remortgaged the property to the Nationwide Building Society.

noun

A different or additional mortgage.
Example sentences
  • Historical references show people have borrowed significant amounts of money for thousands of years without credit cards, remortgages or other modern inventions.
  • Following my recent thoughts about the benefits of using a mortgage broker when considering a remortgage, I spent the weekend doing the actual sums.
  • In the UK, most mortgages are remortgages and we tend to follow their example.

For editors and proofreaders

Syllabification: re·mort·gage

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