Mortgages for Barn Conversions

Are you interested in getting a barn conversion mortgage? Getting a mortgage for barn conversions comes with its challenges, but there are a few insights that you can follow to get the best deal out of it.

Turning a barn into a home can create a truly unique, beautiful, and spacious living space. But it’s important to know that getting the money for this kind of project can be a bit harder than buying a regular house. This is because it’s not just a simple purchase – it involves a lot of renovation work. So, we would suggest you do your own research and get the best advice you can.

In this guide on “Mortgages for Barn Conversions“, we will explore the different types of mortgages that are available, as well as the steps to take in order to get the best deal. We will also answer frequently asked questions, such as

Is it difficult to get a mortgage on a barn conversion?

How much can I borrow for a barn conversion?

What is the average cost of a barn conversion?

Is a barn conversion cheaper than a new build?

But before diving further into the topic, we will first explain the basic questions regarding barn conversions and the types of mortgages available.

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What do we understand by Barn Conversion in the UK?

In the UK, a barn conversion refers to the process of transforming a barn, which is traditionally a structure used for farming purposes, into a residential property. This process often involves significant renovation work to make the space suitable for living.

Barn conversions are popular in the UK due to the abundance of disused agricultural buildings, particularly in rural areas. They offer a unique opportunity to create a home that combines rustic charm with modern comforts. The result is often a spacious, characterful property that blends the old with the new.

However, barn conversions can be complex projects. They often require specialist knowledge and skills, as well as a good understanding of planning regulations and building standards. This is because barns were not originally designed for residential use, so they may need significant structural changes, insulation, and installation of utilities like electricity and plumbing.

Despite these challenges, many people are attracted to barn conversions for the opportunity to create a unique, personalised home in a rural or semi-rural location.

What is Barn Conversion Mortgage?

A barn conversion mortgage is a type of mortgage that helps people buy or convert their barns into their dream homes. It can be used as an investment property, or it can be converted into a family home. The main purpose of this loan is to provide financial support for the purchase of a house or a barn. This kind of mortgage product is also known as a ‘barn conversion mortgage’ or “mortgage for barn conversion”.

Barn conversions can result in buying beautiful dream homes that are affordable and have an amazing view of the countryside and nature. Barns are often converted into luxury properties with the help of modern technology and design.

The process is simple and easy to understand. It is just like any other house conversion except for the fact that it involves a lot more work than a regular home renovation project. If you want to buy a property where you can enjoy your time outside, a barn conversion may be perfect. As a mortgage broker, we can help you with mortgages for a barn conversion by referral to a specialist.

What happens when you convert a barn into a house?

A barn conversion mortgage works on the same principle as any other mortgage. You need to repay the full amount of money borrowed over the agreed-upon period by both parties. However, there are some additional requirements which must be fulfilled before you can get a barn conversion mortgage. These include:

• You should own the land on which the barn stands.

• You should have a clear title to the land on which the building stands.

• You should not have any outstanding debts or liens against the property.

• Your income should be sufficient to cover the mortgage repayment.

• You should be able to prove that you have enough funds to pay off the mortgage at the end of the term.

There are many other points that you will need to understand as per your property. It is always better to contact for financial advice before starting any mortgage application process.

What are the advantages of purchasing a property that’s been converted from a barn?

Purchasing a property that’s been converted from a barn comes with several unique advantages:

  1. Unique Character and Charm: Barn conversions retain the original structure’s rustic appeal, often featuring exposed beams, high ceilings, and open floor plans. This creates a unique living space that blends historic charm with modern comforts.
  2. Spacious Living: Barns are typically large structures, so when they’re converted into residential properties, they often result in spacious homes. This can provide ample room for families or for individuals who value a sense of space.
  3. Rural Setting: Many barn conversions are located in rural or semi-rural areas, offering a peaceful, countryside living environment. This can be a refreshing change from the hustle and bustle of city life.
  4. Potential for Customisation: If you’re involved in the conversion process, you may have the opportunity to influence the design and layout of the property, allowing you to create a home that suits your specific needs and tastes.
  5. Investment Potential: Due to their unique character and desirable features, barn conversions can be a good investment. They often attract a premium in the property market and can offer good returns in the long term.

Remember, while these benefits are attractive, it’s important to consider the challenges involved in barn conversions, such as potential planning restrictions and the costs of renovation. It’s always recommended to seek professional advice before embarking on such a project.

What are the challenges of purchasing a property that’s been converted from a barn?

Purchasing a property that’s been converted from a barn, while offering unique advantages, also comes with its own set of challenges:

  1. Planning Restrictions: Barn conversions in the UK are often subject to strict planning regulations, especially if the barn is listed or located in a conservation area. This can limit the extent of alterations you can make to the property.
  2. Renovation Costs: Converting a barn into a liveable space can be a costly process. It often involves significant structural work, installation of utilities, and insulation to make the barn energy efficient. If the conversion hasn’t been completed to a high standard, you may face additional costs to rectify issues.
  3. Access to Services: Barns are typically located in rural areas, which can mean limited access to local amenities, such as shops, schools, and healthcare facilities. Internet connection and mobile phone reception can also be less reliable.
  4. Financing: Getting a mortgage for a barn conversion can be more challenging than for a standard residential property. Some lenders see these properties as higher risk due to their unique nature and the potential for unforeseen renovation costs.
  5. Maintenance: Due to their age and the materials used in their construction, barn conversions can require more maintenance than modern homes. This can include regular treatment of wooden beams and structures and maintenance of large outdoor spaces.
  6. Energy Efficiency: Older structures like barns weren’t built with energy efficiency in mind. Even after conversion, these properties can be more expensive to heat and cool than a modern, purpose-built home.

It’s important to consider these challenges and seek professional advice before deciding to purchase a barn conversion property.

Which are the major lenders that can offer Barn Conversion mortgages in the UK?

When it comes to mortgages for barn conversions, very few mortgage lenders will accept your application because of the high risk involved. Most of them prefer to lend money to those who already own a property. They believe that if someone has property, he/she would be able to afford the payments. In addition, most lenders do not consider barn conversions a viable option. Therefore, it is important to find out about the lender’s policies and procedures before applying for a mortgage.

However, some of the major lenders, such as Barclays, Halifax, Nationwide etc, could offer such mortgages. If you are interested in getting the exact list of mortgage lenders for barn conversion mortgages, you can contact a specialist mortgage broker to help.

Is it difficult to get a mortgage on a barn conversion?

Yes, it can be very difficult to get a mortgage on a barn conversion due to the unique nature of the property and the potential for unforeseen renovation costs. Barns are considered non-standard properties and typically located in rural areas, which can mean limited access to local amenities, such as shops, schools, and healthcare facilities. As a result, some lenders may see these properties as higher risk and, therefore, less desirable for financing.

How much can I borrow for a barn conversion?

The amounts you can borrow for a barn conversion in the UK will depend on a number of factors, including:

  • The value of the property before the conversion
  • The cost of the conversion
  • Your income and outgoings
  • Your credit history
  • The lender’s risk appetite

Typically, you can borrow up to 65% of the property’s value after the conversion. However, some lenders may be willing to lend up to 80% or even 90%, depending on your individual circumstances.

If you have a good credit history and a high income, you may be able to borrow more than someone with a lower credit score or lower income. However, it is important to remember that the more you borrow, the higher your monthly payments will be.

It is also important to factor in the cost of the conversion when calculating how much you can borrow. The cost of a barn conversion can vary greatly, depending on the size and condition of the barn, the materials you use, and the complexity of the work.

If you are unsure how much you can borrow for a barn conversion, it is a good idea to speak to a mortgage broker. They can help you assess your individual circumstances and find a lender that is willing to lend you the amount you need.

What is the average cost of a barn conversion?

The average cost of a barn conversion in the UK is around £1,700 per square metre, but this can vary greatly depending on a number of factors, including:

  • The size and condition of the barn
  • The materials you use
  • The complexity of the work
  • The location of the barn

For example, a small barn conversion in a rural area may cost around £150,000, while a large barn conversion in a city centre could cost upwards of £500,000.

Here is a breakdown of some of the main costs involved in a barn conversion:

  • Structural work: This includes the cost of demolishing the existing barn, if necessary, and building a new structure. This can be the most expensive part of the conversion, and the cost will vary depending on the size and complexity of the barn.
  • Roofing: The cost of roofing a barn conversion will depend on the size of the roof and the materials you use. Slate roofs are the most expensive, but they are also the most durable.
  • Windows and doors: The cost of windows and doors will depend on the size and type of windows and doors you choose.
  • Insulation: Insulation is essential for a comfortable and energy-efficient barn conversion. The cost of insulation will vary depending on the type of insulation you choose.
  • Finishing works: This includes the cost of painting, decorating, and flooring. The cost of finishing works will depend on your personal taste and the materials you choose.

It is important to get quotes from multiple contractors before you start your barn conversion. This will help you compare prices and find the best deal for your needs.

Is a barn conversion cheaper than a new build?

Generally, barn conversions are more expensive than building a new home from scratch. This is because barn conversions often require significant structural work, as well as the addition of new services such as plumbing and electricity. Additionally, barn conversions are often located in rural areas, where land and construction costs are higher.

However, there are some cases where a barn conversion can be cheaper than a new build. For example, if you can find a barn in good condition that is located in a less expensive area, the conversion may be more affordable than building a new home in a more expensive area.

Ultimately, the cost of a barn conversion will depend on a number of factors, including the size and condition of the barn, the location of the barn, and the complexity of the conversion. It is important to get quotes from multiple contractors before you start your barn conversion to ensure that you are getting the best possible price.

What type of mortgage is needed?

If you are planning to transform a barn or buy a new one, you have a few mortgage options.

Self-Build Mortgages: Self-build mortgages are ideal for people who want to build their own houses. However, these loans are only available to homeowners who have been living in their current property for at least two years. The loan amount depends on the value of the property.

Home Improvement Loans: Home improvement mortgages are designed to provide finance for improvements to existing homes. The interest rate is usually lower than self-build mortgages.

Buy To Let Mortgages: These loans are used when buying a property to let. It is similar to a traditional mortgage, but the borrower does not have to live on the property.

Refinancing Your Mortgage: Refinancing your mortgage is another way to reduce the monthly payment. You can use this method if you want to move to a larger property or if you want to pay off your mortgage faster.

Next Steps

We offer different types of mortgages, such as buy-to-let mortgages and refinancing mortgages. So, if you are interested in any of these products, please feel free to contact us today. We will also be happy to refer you to one of our specialist Masterbroker’s for any barn conversion mortgages.

About The Author

mortgage broker damian youell

See some of Damian’s client reviews below

Damian is an experienced mortgage broker, founder of Ltd and company director. With over a decade working as a mortgage broker he has a strong understanding of hard to place mortgage cases. With hundreds of 5 star client reviews. hundreds of repeat clients his work speaks for himself.

He started as a one man band with the philosophy of putting clients needs ahead of his own. This ethos of offering excellent customer service has helped the business grow over the years. He gets satisfaction on getting cases pushed through to offer stage where other mortgage broker and companies have failed.

Throughout his time as an adviser he has carved out a niche area of advice helping clients with their business protection requirements too. Having helped hundreds of client with Relevant Life Policies, Shareholder Protection Insurance, Keyperson Policies and other important protection requirements of large to small businesses.

At home he is a family man and likes to spend his time with his four children and wife Lisa. He enjoys going on holidays spending time with friends and going for walks.


Can I get a barn conversion mortgage in the UK?

Yes, it is possible to get a mortgage for a barn conversion. In fact, we have helped many clients get the best mortgage deals for their barn conversions. Our experts can guide you through the process and ensure you get the right kind of mortgage for your needs.

How much money will I need to borrow?

This depends on how big your barn conversion is going to be. For example, if you plan to convert a small barn into a family home, you might need around £50k of a residential mortgage. On the other hand, if you want to turn a large barn into a luxury home, you could require upwards of £200k.

Can I afford to borrow the required amount?

This is something that you need to check yourself. Several factors affect the affordability of a barn conversion mortgage. Some of them include the price of land, the number of bedrooms and bathrooms, the area where the house is located and so on. Therefore, it is important to do your research well before applying for a mortgage.

Can I get a similar mortgage for residential property?

No, you cannot get a similar mortgage for a residential property. This is because the purpose of a barn conversion mortgage is different from a regular residential mortgage. A barn conversion mortgage will help you fund the cost of converting your old barn into a luxurious home. Thus, it requires more funds compared to a normal mortgage. You can read our guide on the website if you are interested in getting a mortgage for different property types.

What is the maximum mortgage term for such mortgages?

The maximum mortgage term for a barn conversion mortgage is 30 years. However, some lenders allow borrowers to extend the period up to 40 years. For complete details about the mortgage terms and affordability criteria, you can contact a mortgage advisor.

What documents do I need to provide to a mortgage lender before applying?

You will need to submit all relevant documentation to the lender before applying for a mortgage for a barn. The documents include proof of identity, proof of address, proof of income, proof of savings, proof of employment and so on.

Can I get a standard mortgage?

A standard mortgage is usually offered by banks and financial institutions. It is suitable for people who want to purchase a new property or refinance an existing one. Standard mortgages are not ideal for those looking to finance a barn conversion. They are designed for properties that are already constructed. Thus, they may not suit your needs.

What is bridging loan and how can it help in barn conversion?

A bridging loan is a short-term loan which helps in bridging the gap between buying and selling property. It is often used for financing when there is a time difference between these two events. This type of loan can be helpful for people who are looking to finance their barn conversion project. It can provide financial assistance in the interim period, before the mortgage is approved or until the sale of another property is complete.