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English definition of “remortgaging”

remortgaging

noun [U]
 
 
/ˌriːˈmɔːɡɪdʒɪŋ/ UK
FINANCE, PROPERTY the process of replacing a mortgage that you already have with a new mortgage, for example one with lower interest rates: Loans approved for remortgaging fell 15.5% last month, compared with a year ago. remortgaging deals
(Definition of remortgaging from the Cambridge Business English Dictionary © Cambridge University Press)
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