Bungalow Mortgages & UK Rates

Discover the best possible mortgage rates on high-demand bungalow properties, with information about variable rates, different mortgage products, and the most popular ways to finance a bungalow purchase.

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Based on your yearly income, you may be able to borrow:


Most lenders will let you borrow 4.5 times your annual salary so, as long as you have a standard 10% deposit, you should be able to borrow this much.


Depending on your personal circumstances, some lenders may let you borrow 5 times your salary.


Lenders usually cap the amount they lend at 5.5 times your salary, so it’s unlikely you’ll be able to borrow more than this.

This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.

Bungalow Mortgages & UK Rates

Bungalows are a popular type of home, both for families, those with mobility issues, and retirees who wish to live in a property without sets of stairs to navigate.

However, they are often built with non-standard materials, and therefore can be difficult to mortgage within the terms of many high street lenders.

In this guide, we'll run through the pros and cons of buying a bungalow, and the essential information you need to know before applying for a mortgage.

To start your bungalow mortgage application, give us a call on 0330 304 3040, or email the Revolution team at info@revolutionbrokers.co.uk.

What are the Advantages and Pitfalls of Buying a Bungalow?

First up, let's consider why you are considering a bungalow, and what the advantages are:

  • Bungalows tend to have a larger floor plan and be more spacious than traditional houses.
  • Homes without stairs are ideal for accessibility, and easier to move furniture into and maintain than larger properties.
  • There is potential to increase your home's value by extending or converting the loft space - which usually costs less than buying a two-storey property.
  • Bungalow plots also tend to be larger, with more generous garden space.

There are also some potential downsides to consider:

  • A bungalow is more likely to have been built with non-standard materials, including pre-fabs and flat roofs, which can be more expensive to insure and result in higher mortgage interest rates.
  • Most bungalows are owned by retirees, which might impact the resale value.

Is a Bungalow a Better Investment Than a Regular House?

A lot depends on what you want from your home, and why you are considering a bungalow. There is plenty of scope to improve on the value of a bungalow, especially if you extend, and currently, there is a lot of demand for single storey properties.

With an ageing population, it seems likely that bungalows will remain in high demand. There are also few properties of this type coming onto the market, as developers tend to focus on townhouses and apartment blocks.

However, if you are buying a bungalow to rent out, you will likely see smaller returns than on a more typical property, and bungalows are less popular on the rental market.

What Factors are Important When Looking for a Bungalow to Buy?

Given the specificity of this type of property, it's well worth considering some essential factors before settling on a property that you'd like to purchase:

  • Is there scope for extending or converting to increase resale value?
  • Does the property need extensive renovations or redecoration?
  • Has the property been made out of any unusual materials?
  • When was the bungalow constructed - and who built it?
  • Have any unusual materials been replaced with standardised options?

Most bungalows will fall into one of the following categories, so if you can find out which one, it may make the mortgage application process much more straightforward:

  • Woolaway bungalows - pre-fabs built on a concrete frame. This type of bungalow isn't particularly energy-efficient as the walls are also concrete panels, without cavity walls, although this can be replaced with insulated brickwork. Woolaway bungalows often require niche lending, and will not be mortgaged through a mainstream provider.
  • Colt bungalows - timber-frames bungalows built from a flat pack assembly, often as a self-build. They are more energy-efficient, often classed as eco-homes, and can be constructed wholly from timber, or with an outer bricklayer. Timber frames make Colt bungalows 'non-standard' but are more comfortable to mortgage given that they are a sustainable home.
  • Dorran bungalows - a pre-fab constructed post-war, made with concrete wall panels and iron pins. Like Woolaway bungalows, Dorran homes can be tricky to mortgage unless the concrete has been replaced with updated materials. Many mortgage lenders will not lend against this type of home, so support from an expert broker is vital.

Can I Get a Mortgage for a Dormer or Chalet Bungalow?

Bungalows come in all shapes and sizes. Chalet bungalows have a converted loft where the bedrooms are located, and a dormer bungalow has dormer windows in this same upstairs area to increase the headroom.

There isn't any primary difference in mortgages for this type of the bungalow, although a lender will need a survey to verify any extension work's structural integrity.

Can I Mortgage a Bungalow in a Park or Lodge?

Many bungalows are called park homes and are located on a bungalow site. In most cases, it is impossible to get a mortgage as space is leased from the site owner who rents out the area on which your bungalow sits.

In some cases, if you are buying the land freehold, you might be able to find a suitable lending product, although this might not be a mortgage.

What are the Lending Criteria for a Bungalow Mortgage?

Lenders will look at lots of factors as well as the property itself on a mortgage application:

  • Deposit - most bungalow mortgages require a deposit from 5% to 15%. Other terms are relatively typical if the property is standard construction, but a non-standard property may require a higher deposit.
  • Credit file - if you have an adverse credit history, finding a mortgage is always more complicated. If the issues are severe, a specialist bad credit lender might be the best option.
  • Age - many bungalows are purchased as retirement properties, or through later life mortgages. These are an excellent alternative to typical residential mortgages where some lenders have an age gap of 75 or 85. However, other lenders have no age limits, and a broker can advise on the most competitive terms.
  • Subsidence - this structural problem can be a severe problem for a mortgage lender. Bungalows are less likely to experience subsidence, but if it is identified, then the repairs can be costly.

Can I Mortgage a Bungalow Overseas?

Bungalow properties are very popular in other countries, and far more common than in the UK. Funding a mortgage in a country where bungalows are the prevalent type of housing can be straightforward.

It's worth noting that bungalow doesn't always have the same meaning in every country, so always visit a property in person or carefully check the listing details!

Expert Advice on Bungalow Mortgages

If you're thinking about buying a bungalow and would like to know what the monthly costs would be, or are interested in comparing the best rates on bungalow mortgages on the market, get in touch with business loan broker.

We are independent mortgage specialists, available on 0330 304 3040, or via email at info@revolutionbrokers.co.uk.

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FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

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