A Remortgage – What is It?

January 5, 2011 by

You say tomato, I say tomahto. You say remortgage, I say refinance. Yup, you guessed it. They both mean the same thing. The only difference is “remortgage” is the term used primarily in England where as “refinance” is used in America. Since the housing crash hit, more and more people are searching out for a new loan once their existing rate starts adjusting. This is typical for those who went with a 3 or 5 year ARM instead of locking in a 30-year fixed.

Has your number been called yet in the UK or are you just looking for a better overall mortgage rate? If so, now is the time to start looking while interest rates are still reasonable. The hardest part is finding the right person or loan broker to work with (at least in my experience) but with the internet at your fingertips, it’s much easier.

As I mentioned in my previous post about researching home insurance policies, using a search engine comparison site is the best way to compare and find deals catered for you. This is also true when it comes to just about anything these days. Before I order things online, I use shopping comparison sites like Froogle. When I’m searching for health insurance I’ve used ehealthinsurance.com. Now, if you’re living in the UK and looking for a remortgage, I would try a site like remortgage.org.

Remortgage.org makes it easy to speak with a mortgage professional for free advice regarding a remortgage in the UK. After completing 3 steps on their site, you’ll get access to one of their professional remortgage brokers. They will then answer your questions regarding advice on a mortgage or remortgage in the UK. I have yet to personally try them out since I don’t live in the UK but their site is pretty clean and useful which presumably means their staff is professional too.

If anyone has used remortgage.org, I would love to hear about your experiences by commenting below. Our goal is to help share knowledge and real estate information that is useful to all.

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78 Responses to “A Remortgage – What is It?”

  1. Kelly Parks on September 15th, 2008 10:09 pm

    I have never heard that term remortgage thanks

    Kelly Parks

  2. Miami Beach Real Estate Attorney on October 15th, 2008 7:02 am

    I have only recently heard the term here in Miami Beach. I see the terms use as companies try to create business by marketing their services under new descriptive terms.

  3. Genelia on November 8th, 2008 2:51 am

    Remortgaging is nothing but switching over from your current mortgage lender to a new one, of course in anticipation of a better deal with lower interest rates. Remortgage becomes a viable option when the market situation is favorable and the interest rates start to decrease. Remortgaging can help you make use of your home equity and get better deals at cheaper rates. Remortgaging may often incur costs and fees but this is taken into account when a professional adviser looks at your circumstances.

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  4. North Myrtle Beach Real Estate on January 6th, 2009 11:04 pm

    A remortgage denotes paying off of the current mortgage loan in full by use of funds from a new lender. The purpose is essentially to save money, lower payments, pay off other debts (that is, debt consolidation), cash out and lower interest rate.

    You can visit: mortgagestar.com/strotter1 to check it out or apply online. It offers good financing options.

  5. Paris Properties on January 8th, 2009 5:13 am

    Remortgage or refinance – this words don’t matter for people who looking for a good professional advice. That’s why I want to say many thanks for the link at Remortgage.org. There is many useful info which help me understood all that I want to know about Remortgage.

  6. Krishna Perkins on February 2nd, 2009 8:07 am

    Here in San Antonio many home owners with unafordable rates are going to a program called NACA. NACA works with the current lender to help negotiate a payment the home owner can afford. They do this service for free as they are a non profit organization. Has anyone had any experience with this.

  7. Woodstock real estate on February 8th, 2009 10:29 am

    I am also familiar with the NACA mortgage restructure. This could mean great things for homeowners who are in trouble.

  8. Užuolaidos on February 26th, 2009 7:00 am

    This post is very informative.

  9. los angeles lofts on March 8th, 2009 8:07 pm

    I have worked in real estate for over 8 years and have never heard the term remortgage before. Very interesting to learn what others call our typical refinance. Thanks for teaching me something today.

  10. Jared Gruber on March 10th, 2009 7:25 pm

    remortage = get another mortage = refi , yep. Can’t say that I have heard it before, but it seems to be common sense.


  11. Chris Minjarez on April 8th, 2009 12:09 pm

    Thanks for the great info.

    Chris Minjarez

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  13. Mary on April 23rd, 2009 11:15 am

    Thank you, I kinda figured that out. We have all heard that President Obama has set aside money to help American’s to do Mortgage Modifications. I think that is great. And I want to see if we will qualify. BUT – where do I find someone that will truly help me and not rip me off? HUD – no. I called local a loan officer listed in the loan area of HUD’s web site. She said she does not know anyone that is doing them – but to be sure whom ever I use is an Attorney!

    I have heard many news commentators and people in real estate to not use someone who wants money up front. But that is all I am finding. I know if I query on the Internet for Loan Modification I will get millions of responses and never be able to find a legitimate person with all the responses I will get.

    Please – I have worked for the school district since Sept. 2007 and only get 3.5 hours of work a day. I have been looking for and applying for a full time job since then – only to find none. We have spent all of our savings, took money out on a credit card and borrowed from my mom. I know I will be getting a pink slip in June. My entire department is getting pink slips. When we qualified for this mortgage they listed me as the main borrower knowing I was quitting my job and would be looking for one. My husband drives 70 miles each way daily for work at Disneyland. My mom gave us a gift for the down payment and there is no way I want to loose that.

    We agreed to $375,000 for this house. Within the last month, 2 banks were selling larger houses in our track for $175,000 and $170,000. Luckily our mortgage is only $220,000 but with the prospect of loosing this house is stressing me out. I was hospitalized for my heart in Feb. 2008, we have 3 young kids (2 we adopted, and are “delayed”) and we do not want to leave this house! Please – can you help us?

  14. Walter Grande on May 27th, 2009 8:23 am

    Remortgaging is just getting a better deal, on your mortgage, at a better rate.

  15. Inchirieri apartamente on June 1st, 2009 3:46 am

    Thanks so much for resources. I also use the internet when I am interested in real estate. I will try the remortgage.org

  16. Jack Stevenson on June 1st, 2009 9:26 pm

    Interesting I had never heard the term remortgage before. Is it exactly the same as a refinance or is it slightly different?

  17. mckinley hill fort bonifacio on August 5th, 2009 10:54 pm

    I haven’t heard remortgage before but I do know what refinancing. Sometimes there are words that have the same meaning but where just not aware of it.^_^
    Refinancing is to extend the repayment time to pay off other debts.

  18. Atlanta Real Estate on September 6th, 2009 7:31 pm

    Whatever you call it, I think there’s another wave or two of 5 and 7 year arms coming up on homes that are going to be way upside down.


  19. reo properties in wake on September 10th, 2009 1:18 pm

    If mortgage is a transfer of interest in property which is strongly associated to real estate re mortgage is improving the contract you have in mortgage.

  20. reo properties in capecoral on September 16th, 2009 6:36 am

    There are two things that might spell/pronounced different but the meaning is exactly the same.
    Remortgage and refinancing means the same thing.
    This article is really informative hope you share more of your knowledge in real estate.

  21. Property Investment on September 25th, 2009 11:18 pm

    I recently came across your blog and have been reading along. I thought I would leave my first comment. I donâ��t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often. I’m interest in
    property investment
    as well.

  22. Property Investment on September 25th, 2009 11:19 pm

    I recently came across your blog and have been reading along. I thought I would leave my first comment. I donâ��t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often. I’m interest in property investment as well.

  23. Scott Nachatilo on November 26th, 2009 8:58 pm

    I never heard that word before, how is that going to happen? Is it reconstructing the old mortgage when it’s beyond due date so that the mortgage will not going to foreclose?

  24. bhartirealty on December 6th, 2009 6:03 am

    Will visit remortgage.org. and send em feedback..

  25. Adam Davis on December 29th, 2009 4:44 am

    Thanks for the info. This is why I visit this site.

  26. Real Estate on February 2nd, 2010 10:16 pm

    Interesting topic! Thanks for sharing this information!

  27. Real Estate Living on February 3rd, 2010 8:36 pm

    Remortgaging is nothing but switching over from your current mortgage lender to a new one, of course in anticipation of a better deal with lower interest rates.

  28. Raj on March 10th, 2010 11:25 am

    I wanted to understand what remortgage is. Thanks for writing nice post on remorgage. However I could find another link for what is remortage. it may be helpful to other as well



  29. Brian Ward on April 27th, 2010 6:40 am

    Interesting info. here in Sarasota Florida there are lots of homes for sale at bargain prices. Contact me for info on short sales and bank-owned homes at

  30. Cheryl Stimac on April 27th, 2010 6:46 am

    I just call them re-fi’s here in Tampa Bay, Florida. Whatever you call them, they can be useful in reducing your monthly payment or freezing in the rate you have right now instead of taking a risk on future mortage rates. I’d be more than happy to help anyone interested in this area to find that perfect home for their own family at these attractive mortgage rates. Learn more about my services at http://www.tampafloridahomes.net/meet-cheryl-stimac.shtml

  31. Janet Dugan on April 27th, 2010 6:48 am

    Re-finance, re-mortgage, re-whatever. For the best deals you’ll ever find come to Sarasota Florida right now. You’ll be re-al happy you did.

  32. sophie on May 18th, 2010 8:51 am

    Great! but dangerous, no?

  33. hard money real estate loan on May 31st, 2010 6:49 pm

    Since I’m a newbie in this industry. The following information regarding the terms used are pretty much an aid to widening my vocabulary as far as real estate is concern. I’ve been looking for different sites where I could access necessary information about real estate, hard money lenders, where to find them.I’ve checked sites like reiwired.com and rehabhardmoney.com where I got useful information. And your article in about remortgage and refinancing added knowledge to me.

  34. Real Estate Expert on July 26th, 2010 9:02 pm

    I have not got to check out the site yet but I have seen many quite similar. The only problem I have found is a lot of the site you find on Google for real estate reviews are actually rigged.

  35. Nail fungus Laser on July 28th, 2010 5:36 am


    The loan of real estate time line is 5-30 years and there are many people want to get this facility to bank. This real estate loan is called mortgage loan. I think this is typical for those who went with a 3 or 5 year ARM instead of locking in a 30-year fixed.

  36. Real Estate of Florida on August 15th, 2010 6:43 am

    Anyone who still has at least some equity left in their home should look into this. It may be the one way to stay afloat in the troubled waters that are the housing market these days.

  37. Satılık Kiralık Daire on September 4th, 2010 4:45 am

    ty for my comment sharing

  38. michael holt sr. on September 17th, 2010 9:48 am

    If your current mortgage co, can offer to moritifiel your loan whats th pro anb cons to this aveueue

  39. Hilliard Ohio Real Estate on September 19th, 2010 5:31 am

    I never knew that but it makes sense…

  40. jenniferloopez on November 9th, 2010 7:05 am

    I am very thankful to get this information through this austin real estate related post.

  41. Derrick Sakai on December 13th, 2010 2:15 am

    This article is very Informative. I haven’t heard of Remortgage and this is new. A big help for Real estate investors. “Business Builder” like me should take a pause on this. It’s another way for Real Estate Investors.

  42. Danny on December 13th, 2010 6:03 pm

    Investing on real estate is a sure win investment.

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  43. Danny on December 13th, 2010 6:03 pm

    Investing on real estate is a sure win investment.

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  44. Amanda on December 16th, 2010 10:23 am

    I just passed my State Exam for my Real Estate License and I am sooo stoked! I went to http://www.retrainersca.com and I took all my courses at Real Estate Trainers, Inc. in Santa Ana, CA. They offer online or in a classroom with instructors which it totally great because I learn better with an actual teacher in case I have any questions. They offer Sales, Appraisal, and Broker licensing and they also renew them if you already have your license! I can’t wait to get my life finally started with my new family! Thansk to all instructors and RET staff for helping me!

  45. Carson City Homes on December 22nd, 2010 5:37 pm

    I just don’t see this helping the real estate market stabilize..and without equity how can they even “refinance” the home…well I hope im wrong..

  46. Satchid on January 11th, 2011 7:03 am

    Nice article. Have a look at other web sites as well.

  47. Colleen Campbell on January 21st, 2011 6:50 pm

    I do not even hear the word remortgage but thanks because now I know what it meant.

    Seattle Real Estate

  48. Rachel Francis on January 27th, 2011 4:07 am
  49. Los Angeles Lofts For Sale on March 29th, 2011 9:23 am

    i have never heard the term remortgage either. interesting concept on what is essentially refi. thanks for the info tho

  50. Gatekeepr Properties on April 24th, 2011 5:00 am

    that’s simple….
    Remortgage is same as refinance……

  51. simone hardy on April 25th, 2011 4:30 am

    It’s funny how they change it up a little bit in the UK and it means the same thing. Thanks for sharing.

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  53. Mitchel | Brickell Homes for Sale on June 20th, 2011 5:09 pm

    In the eyes of many the two words are just the same. But it is good to know that articles like this one is being published to help clear out some terms that are new in the perception of many. Keep it up!

  54. Jenny | Del Mar Homes for Sale on July 14th, 2011 12:37 am

    Remortgage = again, right? The way I perceive it is that….remortgaging means changing from your old mortgage agreement to another mortgage agreement. I may be right I may be wrong. Just want to share my insights.

  55. Chloe | Solana Beach Homes for Sale on July 14th, 2011 12:45 am

    Based on what I know, I think it is the same thing with refinance or just like changing to another mortgage agreement? Hope this helps.

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  58. Wellington homes for sale on August 3rd, 2011 9:20 pm

    Always find your comments most helpful. Thank you.

  59. Auckland Real Estate on August 19th, 2011 6:08 pm

    I think many people generally use the terms refinance and remortgage interchangeably. I always thought of them as the same anyway.

  60. Housing on September 13th, 2011 3:23 am

    Nice post Mate… really clear

  61. Property Point on September 13th, 2011 3:25 am

    Great article… i like

  62. HassConsult on September 13th, 2011 3:27 am

    Really confusing terms at times… nice post!!

  63. Karengata on September 13th, 2011 3:31 am

    Quite enlightening!!

  64. Taj Mall on September 13th, 2011 3:36 am

    keep it up buddy…

  65. Real Estate Investor on September 13th, 2011 6:41 am

    A lot of useful information here concerning remortgages, thanks for posting!

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  67. Keiko Barreto on November 5th, 2011 8:18 am

    I guess, Remortgage is synonymous with refinancing. One should consider remortgage/refinancing if they think that the market condition is suitable. Home buyers should really think about this real hard so they will not regret refinancing.
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  68. Yesica Pedraza on November 5th, 2011 9:41 am

    Remortgage or refinancing can be an advantage or a huge help for home buyers. if you want a home improvement or renovation, you can always apply for a refinancing supporting a home improvement loan. Home buyers can really take advantage of this option if they know how to use it correctly.

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  69. Lindsey Smith on November 6th, 2011 4:12 am

    yeah it is confusing. Most people I know think that remortgage and refinance is different from each other but these two terms just tell the same concept. some home buyers decide to apply for a refinancing when they plan to have a home improvement. It is always necessary to consider your financial capacity if you are going to get a remortgage. Holmdel Homes for Sale

  70. multiaxes.com on February 15th, 2012 1:02 pm

    Finding for Remortgage Broker…

    A remortgage broker is essentially an intermediary who brings together borrowers and lenders, but do not use the equity to make a deal. Remortgage loan money given to the customer on behalf of lenders and brokers receive payment for services rendered i…

  71. raleigh nc real estate listings on May 28th, 2012 9:21 am

    This is pretty cool! For me.. this is a new thing and a new idea as well. Thanks for sharing this one. Now I have new topic for my next article. I look forward for more of your post.

  72. A Remortgage – What is It? « itoscaproperties on June 25th, 2012 12:13 pm

    […] thanks,http://www.realestateweblog.org/a-remortgage-what-is-it.php by David. Share this:TwitterFacebookLinkedInTumblrLike this:LikeBe the first to like this. Posted in Education and tagged meaning of refinance, meaning of remortgage, what are the home insurance policies […]

  73. Kenya Real Estate on August 28th, 2013 8:39 am

    Remortgage or refinance can help developers and home owners alot, i hope to see it in my home country, Kenya.

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  76. Douglas S. Perry on February 18th, 2016 7:56 pm

    In the US, the housing crisis bottomed out in 2012. Four years later, lending restrictions are easing up and we’re seeing an increase in refinancing. Has there been a similar trend in the UK with ‘remortgaging’ and are we headed for another bubble circa 2008?

  77. Avacados from Kenya on March 10th, 2016 6:51 am

    Amazing information. Knowledge is power

  78. Afya Njema on July 25th, 2016 4:02 am

    Great Information and Quite enlightening

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