Definitions for "Remortgaging"
otherwise known as refinancing. Arranging a new mortgage on your home, often with a different lender, perhaps to release some of the equity or get a better rate of interest.
When you arrange a new mortgage on your home, with a different lender and use the new mortgage to pay off the old one. This could be to withdraw equity to spend on home improvements.
The process of switching your mortgage loan from one lender to another without moving house