remortgage Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “remortgage” in the English Dictionary

"remortgage" in British English

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remortgageverb [I or T]

uk   /ˌriːˈmɔː.ɡɪdʒ/  us   /ˌriːˈmɔːr.ɡɪdʒ/ UK (US refinance)
to ​change the ​terms of a mortgage (= ​agreement by which you ​borrowmoney to ​buyproperty), usually by ​increasing the ​amount of it, in ​order to be ​able to ​borrow more ​money: Robin ​decided to remortgage his ​house to ​pay off his ​debts.
remortgage
noun [C] uk   /ˈriː.mɔː.ɡɪdʒ/  us   /ˈriː.mɔːr.ɡɪdʒ/
The ​buildingsociety will ​arrange a remortgage for a ​fee of £100.
(Definition of remortgage from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"remortgage" in Business English

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remortgageverb [I or T]

uk   us   /ˌriːˈmɔːɡɪdʒ/ UK FINANCE, PROPERTY
to ​replace a mortgage that you already have with a new ​mortgage, for ​example one with ​lowerinterestrates: Fears that ​interestrates 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.

remortgagenoun [C]

uk   us   /ˌriːˈmɔːɡɪdʒ/ UK FINANCE, PROPERTY
a ​financialarrangement in which someone ​replaces a mortgage that they already have with a new ​mortgage, for ​example one with ​lowerinterestrates: 340,000 ​loans and remortgages were ​granted to buy-to-let ​landlords in 2007. Our ​dealoffersfreevaluation and ​freelegalwork on remortgages. remortgage ​deals/​packages/​schemes
(Definition of remortgage from the Cambridge Business English Dictionary © Cambridge University Press)
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“remortgage” in British English

“remortgage” in Business English

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