remortgages
Secures new loan
Remortgages is the third-person singular verb form of remortgage, meaning to take out a new mortgage on a property that already has one—either replacing the existing loan or borrowing additional funds against the equity: She remortgages every few years to get a better rate.
In British usage especially, homeowners remortgage to consolidate debt or finance home improvements.
Impartial treatment or ownership value
- interest rateCost of borrowing money
- lenderOne who loans money
- loan-to-valueDebt-to-collateral ratio
- repaymentGiving back what's owed
monthly payments · fixed rate · variable rate · tracker · term · capital · borrowing · switching
Formal request document
- approvalFavorable opinion given
- solicitorDocument-drafting legal professional
- conveyancerProperty transfer legal specialist
- credit checkExamination of payment history
documentation · completion · legal fees · title deeds · land registry · offer · underwriting · income verification
Combining multiple balances owed
- home improvementUpgrading one's residence
- overpaymentAmount paid exceeding debt
- buy-to-letProperty purchased for tenants
- investmentDeploying capital for returns
tax efficiency · downsizing · extension · portfolio · leveraging · wealth management · cash flow · budget
equity
Impartial treatment or ownership value
- interest rateCost of borrowing money
- lenderOne who loans money
- loan-to-valueDebt-to-collateral ratio
monthly payments · repayment · fixed rate · variable rate · tracker · term · capital · borrowing · switching · deal
application
Formal request document
- approvalFavorable opinion given
- solicitorDocument-drafting legal professional
- conveyancerProperty transfer legal specialist
credit check · documentation · completion · legal fees · title deeds · land registry · offer · underwriting · income verification · bank statements
debt consolidation
Combining multiple balances owed
- home improvementUpgrading one's residence
- overpaymentAmount paid exceeding debt
- buy-to-letProperty purchased for tenants
investment · tax efficiency · downsizing · extension · portfolio · leveraging · wealth management · cash flow · budget · financial advisor