Does anyone have any experience with getting a mortgage (in the Netherlands) to finance a home in Thailand? By the way, is this a first mortgage, or is only a loan possible?
My wife has a permanent job as a cook for 40 hours a week and has amassed a nice amount of savings. Because we plan to live in Thailand in a year or two (preferably in Khonkaen, but possibly also Nongkhai or Udon), she wants to start investing her savings in the purchase of a house now. However, the amount saved is not enough to buy a house in Thailand in cash. She will therefore have to take out a mortgage for the remainder (say half of the purchase price).
Is it possible to take out a home loan in Belgium if you live in Thailand and have been deregistered from Belgium? If that is not possible, is it possible to take out a loan in Thailand to buy real estate in Belgium?
Can a farang act as a mortgage lender in Thailand?
I wonder if it is possible to provide a mortgage as a 'farang' and register it in the 'land office'. So, for example, buying a house with land in the name of a Thai partner, but by registering a mortgage on it with the 'farang' as the lender, you actually remain the owner of the value.
I have been married to a loving Thai woman for several years now. I am approaching retirement, but we both have a Dutch income. We are now planning to buy a house or apartment (condo) in Thailand. Of course I will thoroughly study all the conditions and possible complications. However, there is one question that concerns me.
My Thai husband and I want to buy a house and finance it through a bank loan. At one bank my income can be counted and at other banks not. Furthermore, they often give an offer of 3 years on different conditions.
My Thai girlfriend and I got legally married in Thailand last year (without marriage contract). Two years before, my wife bought a condo in Pattaya (Second Road) and she paid back her loan to Bangkok bank (another 18 years at more than 4% interest). Since I also have the outstanding amount on my Thai accounts, I want to take over the debt from the bank and save unnecessary interest.
Second Money Expo in Rayong
The first Money Expo in Rayong took place in Pattaya 8 years ago. Last year 2019 this expo moved to Rayong. The interest in this second Money Expo turned out to be high given the number of loans and insurance contracts worth 3 billion baht.
Home ownership in Thailand and the Netherlands
A number of farangs (foreigners) have bought their own home in Thailand. Often intended for permanent personal use. However, lately signals have become stronger that the Thai government is trying to map out the housing market. Initially, it concerns the more expensive homes.
What is the interest rate for a loan or mortgage in Thailand?
I would like to know what the interest rate is that the bank charges for a loan or mortgage loan in Thailand. My Thai son has borrowed 1.400.000 Thai Baht over 29 years for the construction of his house in Ranong.
Search for loan for house purchase in Thailand
We are looking for a loan for the purchase of a house (3,5 million baht). As a foreigner, I cannot borrow money from the bank. My wife works in education (government) and cannot borrow more than 1,5 million baht from the bank (through her work), also from one other bank where we have inquired, she cannot borrow more than 1,5 million. This bank did not care that she is married to a foreigner (who works in the Netherlands) and can pay the monthly mortgage.
Thailand ranks third in the top three countries (Asia-Pacific region) with the highest household debt. The debt-to-GDP ratio in Thailand was 71,2 percent. In Australia this is 123 percent and in South Korea 91,6 percent.
My mother-in-law threatens to be saddled with a mortgage debt when her parents die unexpectedly. Several years ago, my friend was able to mortgage her grandparents' house, but unfortunately her stepsister was able to trick them into re-mortgaging and "loaning" the money to her.
The Thai government wants to stimulate home ownership and has developed a kind of 'state mortgage' for this purpose. The program is running as expected and there is a lot of interest in it.
Reader question: Notarial mortgage by proxy, is that possible?
I want to have a notarial mortgage made by proxy so that I do not have to go to the Netherlands. Is there anyone who has done this before? Because I understand from my notary in the Netherlands that Thailand does not have a Latin notary and then the Californian power of attorney judgment comes into play.
The maze to a mortgage or credit, or not
Recently, while enjoying a drink, I got into a conversation with a number of Dutch people and a Belgian, falang about banks in Thailand and what their working method was, and how an application for credit or a mortgage was looked at.
Reader question: Who knows a way to get a 100% mortgage?
We are looking for a (new) house around 2.500.000 baht. Have something in mind, but the Thai guidelines for getting a mortgage make it impossible for us so far!