If your mortgage deal is coming to an end, we'll help you find the right next step. You can stay with your current lender on a new rate (a product transfer) or move to a new lender (a remortgage), and the right choice depends on the rates available to you, your circumstances and what you want from your mortgage next. Our whole-of-market advisers compare both, and if staying put is the better option, we'll tell you, with no fee from us for it.
Talk to us first. It costs nothing.
Before you look at a single rate, it helps to know the two routes open to you when your deal ends.
What it is: a new rate with your existing lender
Valuation: usually not needed
Legal work: usually none
Affordability check: often none, if you're not borrowing more
Typical timescale: often a few days
Our fee: none
Choice of rates: your current lender's range only
What it is: moving your mortgage to a new lender
Valuation: usually needed (often free)
Legal work: needed (lenders often offer free legal work or cashback)
Affordability check: full assessment
Typical timescale: typically 4 to 8 weeks
Our fee: typically £795
Choice of rates: the whole market
We look at both for you. Because we can see your lender's product transfer rates and the rest of the market side by side, the comparison is genuine. Product transfers carry no fee from us. See our fees in full. Read our full guide to product transfers.
A product transfer is a new rate with your existing lender. It usually needs no valuation or legal work and is quick to arrange. A remortgage moves your mortgage to a new lender, which takes longer but opens up the whole market. We compare both for you.
No. If staying with your current lender is the right answer, we arrange it free of charge. For a remortgage to a new lender, our fee is typically £795.
Re-mortgaging can save you money and provide financial flexibility. Here's our step-by-step guide to securing a better mortgage deal.
Our Sheffield-based advisers regularly help homeowners across the city - from Hillsborough to Heeley and Walkley - remortgage as their fixed-rate deals come to an end. Whether you're local or based elsewhere in the UK, we'll search the market to find your next rate.
Review your existing mortgage terms, current interest rate, remaining term, and any early repayment charges. We'll help you determine if re-mortgaging is the right option for you.
We'll put your lender's product transfer rates alongside the whole market, so you can see which route comes out ahead, whether you're looking to reduce your payments or raise money.
Gather the relevant documents, and we'll guide you through what lenders require and help you prepare a strong application.
Most remortgages need a new valuation, often paid for by the lender. It sets your loan-to-value, which affects the rates available to you. A product transfer usually needs no valuation at all.
We'll liaise with both your lender and solicitor to ensure a smooth transition with minimal hassle for you.
When a fixed or tracker deal ends, most lenders move you onto their standard variable rate (SVR) automatically. SVRs are usually much higher than the deals available to new and existing customers.
An illustration: on a £180,000 mortgage with 20 years left, a rate of 4.5% costs about £1,139 a month. At an SVR of 7%, the same mortgage costs about £1,396 a month. That's £257 more every month, or around £1,540 over six months.
These rates are for illustration only and are not current offers. Your figures will depend on your lender, your balance and the rates available when you apply. Try your own figures in our remortgage calculator.
Most lenders let you secure a new deal three to six months before your current one ends. Starting early means you can lock in a rate and still switch if a better one comes along. Our guide to when you can remortgage explains the timing in more detail.
There are several reasons why re-mortgaging might be beneficial for you. Here are some of the most common:
You don't want to pay the lender's variable rate.
Switch to a better rate than your existing mortgage and save on your monthly payments.
You may now qualify for a lower loan-to-value band and better rates, or want to raise money for something specific.
Consolidating debt into your mortgage can lower your monthly payments, but spreading short-term debt over a long mortgage term can mean paying more in total. Think carefully before securing other debts against your home.
Change your mortgage type to better suit your current needs.
For projects or events, such as home improvements, a wedding or property development. Your current lender may also offer this as a further advance, which we can compare for you.
Find a mortgage that better suits your current lifestyle and needs.
Our specialists are ready and available to give you the advice you need. Book your free, no-obligation consultation today.
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Many lenders offer remortgage incentives, usually free legal work or cashback, and often a free valuation too. They're worth having, but they're only part of the picture. A deal with cashback and a higher rate can cost more over the fixed period than one with no incentive and a lower rate.
The costs to weigh up are:
We add these up for you, so you can compare the true cost of each option, not just the headline rate.
A product transfer is usually the quickest route, often completed within a few days. A remortgage to a new lender typically takes four to eight weeks, because of the valuation, the legal work and the lender's checks.
Friends Capital Tip: "Start looking three to six months before your current deal ends. That gives you time to compare both routes and complete without rushing."
Our advisers are based at Beehive Works in Sheffield. You can see us in person, speak by phone or meet by video, whichever suits you. Remortgage advice is given by our qualified team, including Robert Wilson-Rust (Senior Mortgage and Protection Adviser), and Tiffany Taylor and Katie Stoker (Mortgage and Protection Advisers), all CeMAP qualified.
Whether you're in Sheffield, elsewhere in South Yorkshire or further afield, the process is the same: we review your current mortgage, compare your lender's offer with the whole market, and recommend the option that suits you. Meet our Sheffield mortgage advisers.
Friends Capital have established relationships with remortgage lenders across the market. We search the whole market, including deals that are only available through brokers, and compare them with your current lender's product transfer rates. Then we recommend the option that is most appropriate to your circumstances. We can:
Our experienced mortgage advisers understand that everyone's financial situation is unique. We'll take the time to understand your needs and goals to ensure we find the most suitable remortgage solution for you.
Reviewed by Zoe White CeMAP, Compliance Officer, Friends Capital. Last reviewed October 2026.
Our expert advisers are ready to help you find a better deal, release equity, or switch to a mortgage that better suits your current needs.
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Wondering what we charge? Our mortgage fee is typically £795, and if the right answer is a product transfer with your existing lender, there is no fee at all. See our fees in full.
