remortgaging
noun[U]
UKuk/ˌriːˈmɔːɡɪdʒɪŋ/usFINANCE,PROPERTY
theprocessofreplacingamortgagethat you already have with a newmortgage, forexampleone withlowerinterestrates:
Loansapprovedfor remortgagingfell15.5% lastmonth,comparedwith ayearago.
remortgagingdeals