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English definition of “remortgage”

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remortgage

verb [I or T]
 
 
/ˌriːˈmɔːɡɪdʒ/ 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.
Translations of “remortgage”
in Chinese (Traditional) (尤指為了得到更多錢而)再抵押,轉按揭…
in Chinese (Simplified) (尤指为了得到更多钱而)再抵押,转按揭…
(Definition of remortgage verb from the Cambridge Business English Dictionary © Cambridge University Press)
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