0 past simple and past participle of remortgage --
1 to change the terms of a mortgage (= agreement by which you borrow money to buy property), usually by increasing the amount of it, in order to be able to borrow more money: --
He had recently remortgaged his house to build an extension.
Thraves reportedly remortgaged his house to make the film.
Desperate farmers have remortgaged their houses, borrowed from their pension funds and built up unsustainable levels of overdraft.
I understand that they bought their property in 1987 and remortgaged it in 1989 to finance an expansion of their business.
The problem concerns those people who, in the 1980s, were sold home income plans—very often by companies or independent financial advisers—and who remortgaged a house.
Many of them borrowed money, some remortgaged their properties.
They picked up the £130 billion output, sold off the family business and spent the money, remortgaged—and they are still in trouble, as is the country.
