FINANCE,PROPERTYtheprocessofreplacingamortgagethat you already have with a newmortgage, forexampleone withlowerinterestrates:Loansapprovedfor remortgagingfell15.5% lastmonth,comparedwith ayearago.remortgagingdeals(Definition ofremortgagingfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofremortgaging
remortgagingThe diocese has paid the balance through its savings,remortgagingthe bishop's residence, and raising a 1.8 million loan.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The newly formed company went on to fully repay that loan,remortgagingto reduce the interest rate several times down to 6%.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.In fact, as much as 40% of activity isremortgagingas established landlords switch from more expensive commercial mortgages.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The court rolls generally offer no evidence as to when mortgages were paid off ; they do, however, tell us whether a mortgage was ended byremortgagingor by sale.From theCambridge English CorpusIt is the economics ofremortgagingthe house and forgoing repairs simply to pay the housekeeping bills.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0In that year, she was told by the appointed receiver to borrow ￡14,000 throughremortgagingher house.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0That is—the option ofremortgaginghis home to pay for health care.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Several thousand retired people have mounting debts and cannot pay them off by using interest payments or byremortgaging.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Remortgagingwould have saved them ￡70 to ￡80 a month, but they did not have the capital to pay the ￡800 in one go.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0We should be looking to bring equity release mortgages within the regulatory framework and we should consider the situation of elderly people who areremortgagingtheir homes.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/remortgaging##
