remortgage

/ riːˈmɔːɡɪdʒ /

verb

1. to take out a new or different mortgage on a property

Example Sentences

As visitors to the park began to plummet and Marineland became mired in financial crisis, it won an appeal in February to remortgage its own land to funds moving its animals while it looked for a new buyer.

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It is why some don't expect the Bank of England to cut the interest rates more than one more time this year – which may come as a disappointment for the hundreds of thousands of homeowners looking to remortgage over the next year.

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"It's been very stressful, I don't know how others manage. I hope that by the time we remortgage again, rates are a lot lower."

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She said her divorce proceedings have become drawn out and she is currently unable to remortgage as her husband's name is still on the title deeds of her house.

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"My mum said to me, if we have to remortgage the house to pay for the surgery, then that's what we have to do because you can't put a price on your life."

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