Financing
Remortgage
Replacing existing mortgage with new one
Full Definition
Remortgaging involves replacing your existing mortgage with a new one, either with the same or different lender. Common reasons include securing better rates, releasing equity, or switching from fixed to variable rates. BRRR investors remortgage to extract capital after adding value through refurbishment.
Related Terms
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Analyse a PropertyMore Financing Terms
LTV (Loan to Value)
Mortgage amount as percentage of property value
ICR (Interest Coverage Ratio)
Rental income compared to mortgage interest payments
Bridging Loan
Short-term finance for quick purchases or refurbishment
Equity
Property value minus outstanding mortgage
Leverage
Using borrowed money to amplify returns
Portfolio Landlord
Landlord with 4+ mortgaged properties