0 to change the conditions of a mortgage (= agreement by which you borrow money to buy property), usually by increasing the amount you borrow:
1 a mortgage (= an agreement by which you borrow money to buy property) that has different conditions to a previous one, usually by being for a larger amount:
2 to replace a mortgage that you already have with a new mortgage, for example one with lower interest rates:
3 a financial arrangement in which someone replaces a mortgage that they already have with a new mortgage, for example one with lower interest rates:
He advised me to remortgage with a lender with a lower standard rate.
She remortgaged her £123,000 one-bed flat over the summer and had it valued at £126,000.
It is never a good idea to remortgage your house to pay off other creditors.
Make sure you arrange the remortgage before leaving your job because you will have difficulty once you become self-employed.
Twenty per cent of remortgage applications were to release equity to buy a second home.
It is the economics of remortgaging the house and forgoing repairs simply to pay the housekeeping bills.
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.
