Definition of remortgage in English:

remortgage

Syllabification: re·mort·gage
Pronunciation: /rēˈmôrgij
 
/

verb

[with object]
  • Take out another or a different kind of mortgage on (a property).
    More 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

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  • A different or additional mortgage.
    More 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    • Historical references show people have borrowed significant amounts of money for thousands of years without credit cards, remortgages or other modern inventions.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.

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