BJ The Bear
New Member
Hi, I was wondering if anyone can give me any advice on how to possibly get mortgage finance in Thailand?
My wife who is a Thai National and I wish to relocate permanently to thailand to live and work , We are currently located in Western Australia and visit Thailand on a regular basis and will be in Thailand again for one month all of december 2010. My wife originally is from Ban Tako which is about 45 minutes drive from Nakhon Ratchasima -Khorat, she has land which she owns outright- 2 large blocks in Ban Tako and 1 block in Ban Len near Nakhon Pathom Bangkok, We wish to build a house on one of those blocks Probably in Ban Tako, We both have good jobs and good income from our jobs in Australia so servicing a mortgage loan in Thailand would be no problem, we also have a substancial cash deposit, however we need to know if a mortgage arrangement is possible and would like to hear from anyone who may have been down this track before,
Information such as: 1. Would we be eligible for a mortgage ?. 2. can you use your land you already own as collateral with a cash deposit?
3. Do we need a resident Thai guarantor as we both currently work in Australia?.
We intend to start building early in the new year of 2011 if we can get finance, We intend to engage the services of Alan The Builder to build our house, and we have my wifes brothers family who will occupy the house until we settle permanenty there in 2012.
Any information, help and advice from anyone, would be greatly appreciated, I can PM any contact details if required
Thanks in Advance:NoSpam2:
My wife who is a Thai National and I wish to relocate permanently to thailand to live and work , We are currently located in Western Australia and visit Thailand on a regular basis and will be in Thailand again for one month all of december 2010. My wife originally is from Ban Tako which is about 45 minutes drive from Nakhon Ratchasima -Khorat, she has land which she owns outright- 2 large blocks in Ban Tako and 1 block in Ban Len near Nakhon Pathom Bangkok, We wish to build a house on one of those blocks Probably in Ban Tako, We both have good jobs and good income from our jobs in Australia so servicing a mortgage loan in Thailand would be no problem, we also have a substancial cash deposit, however we need to know if a mortgage arrangement is possible and would like to hear from anyone who may have been down this track before,
Information such as: 1. Would we be eligible for a mortgage ?. 2. can you use your land you already own as collateral with a cash deposit?
3. Do we need a resident Thai guarantor as we both currently work in Australia?.
We intend to start building early in the new year of 2011 if we can get finance, We intend to engage the services of Alan The Builder to build our house, and we have my wifes brothers family who will occupy the house until we settle permanenty there in 2012.
Any information, help and advice from anyone, would be greatly appreciated, I can PM any contact details if required
Thanks in Advance:NoSpam2:
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