From Longman Dictionary of Contemporary Englishremortgagere‧mort‧gage /ˌriːˈmɔːɡɪdʒ $ -ɔːr-/ verb [transitive] BFLto borrow money by having a second mortgage on your house, or increasing the one you have We may have to remortgage the house.→ See Verb table
Examples from the Corpus
remortgage• Chase de Vere has a five-year deal specially designed for those seeking to remortgage.• This online service, dubbed Redemption Buster, aims to calculate the total amount of savings associated with remortgaging.• If you want to know exactly how much money you could save by remortgaging, an independent mortgage broker can help.• This may make any savings you anticipate by remortgaging immaterial in the long run.• In a nutshell, remortgaging means switching to another mortgage with a lower rate for a fixed amount of time.• Once you remortgage, tax relief will be limited to the first £30,000 of your loan.• Borrowers with standard variable rate mortgages could make substantial savings by remortgaging their properties, mortgage experts say.• By remortgaging your home you could raise enough cash to allow you to buy a new car or carry out home improvements.• Remortgaging your house is a big risk if you're retired.From Longman Business Dictionaryremortgagere‧mort‧gage1 /ˌriːˈmɔːgɪdʒ-ɔːr-/ verb [intransitive, transitive] British EnglishFINANCEPROPERTYBANKING to borrow money by having a second or bigger MORTGAGE (=loan) on your property, especially a houseHe advised me to remortgage with a lender with a lower interest rate.Millions of homeowners have remortgaged their homes to take advantage of lower interest deals. —remortgaging noun [uncountable]There are costs involved in remortgaging which you should weigh up against the savings you will make.→ See Verb tableremortgageremortgage2 noun [countable] British EnglishFINANCEPROPERTYBANKING a second or bigger MORTGAGE on your property, especially a houseSYNhome equity loan AmE, SECOND MORTGAGEA remortgage is one of the cheapest ways of borrowing money. 