remortgage
verb[IorT]
UKuk/ˌriːˈmɔː.ɡɪdʒ/us/ˌriːˈmɔːr.ɡɪdʒ/(USrefinance)tochangetheconditionsof amortgage(=agreementby which youborrowmoneytobuyproperty), usually byincreasingtheamountyouborrow:
Many borrowers remortgage every three or fiveyearsto takeadvantageofcheapfixedrates.
Robindecidedto remortgage hishousetopayoff hisdebts.罗宾决定将他的房子进行再抵押来清偿债务。
- Headvisedme to remortgage with alenderwith alowerstandardrate.
- She remortgaged her £123,000 one-bedflatover thesummerand had itvaluedat £126,000.
- It is never a goodideato remortgageyourhousetopayoff othercreditors.
Mortgages & real estate
- blockbusting
- brick
- bricks and mortaridiom
- BTL
- buy-to-let
- chain
- equity
- first-time buyer
- householder
- landlady
- letting
- planning blight
- real estate broker
- Realtor
- realty
- realty office
- refinance
- repo
- repossession
- reverse mortgage
remortgage
noun[C]
UKuk/ˈriː.mɔː.ɡɪdʒ/us/ˈriː.mɔːr.ɡɪdʒ/(USrefinancing[U])amortgage(= anagreementby which youborrowmoneytobuyproperty)that has differentconditionsto apreviousone, usually by being for alargeramount:
Thebuildingsocietywillarrangea remortgage for afeeof £100.
- Makesureyouarrangethe remortgage beforeleavingyourjobbecause you will havedifficultyonceyoubecomeself-employed.
- Some borrowers could have got a remortgagedealelsewhere.
- Twentypercentof remortgageapplicationswere toreleaseequitytobuya secondhome.
Mortgages & real estate
- blockbusting
- brick
- bricks and mortaridiom
- BTL
- buy-to-let
- chain
- equity
- first-time buyer
- householder
- landlady
- letting
- planning blight
- real estate broker
- Realtor
- realty
- realty office
- refinance
- repo
- repossession
- reverse mortgage