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Definition of remortgage

remortgage

/ˌriːˈmɔːrɡɪdʒ/
re · mort · gage
Plural:remortgages
•
Past Simple:remortgaged
•
Past Participle:remortgaged
•
Present Participle:remortgaging
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remortgage Lexical Profile

remortgage Game Scores & Validity

• verb

1

British To take out a new or revised mortgage on a property, typically to replace an existing loan at a better interest rate or to release equity.

Example

"The couple decided to remortgage their house in order to fund the kitchen renovation."

Synonyms
View all synonyms for remortgage

• noun

1

British A new or revised mortgage taken out on a property to replace an existing one or to borrow additional funds against the property's value.

Example

"They applied for a remortgage to secure a lower fixed interest rate for the next five years."

Synonyms
View all synonyms for remortgage

Word Nuance & Usage

'Remortgage' is the standard term in British English, whereas American English speakers more commonly use 'refinance' when referring to replacing an existing home loan with a new one.

• Rhymes for remortgage

• Nearby Words

remorseless
remorselessly
remorselessness
remortgage
remote
remotely
remoteness

Cite this Entry

Wordmom. (2026). Definition of Remortgage. In Wordmom Dictionary. Retrieved Nov 5, 2026, from https://wordmom.com/dictionary/remortgage
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