statman78 Posted November 24, 2017 Share Posted November 24, 2017 I am looking into buying a condo in Bangkok. I live and work outside of Thailand but through my Thai wife we already have a house and 2 condos in Thailand which are paid for. I am looking to purchase another condo but would like to finance it until I retire and move there in a few years. I have looked into a company called MBK Guarantee which does offer mortgages to foreigners based on foreign income. Has anyone had experience with this company? Are there other options? Link to comment Share on other sites More sharing options...
wirat69 Posted November 25, 2017 Share Posted November 25, 2017 Pay cash.... Link to comment Share on other sites More sharing options...
statman78 Posted November 25, 2017 Author Share Posted November 25, 2017 29 minutes ago, wirat69 said: Pay cash.... As much as I would like to, I don't have all of it right now. I would be able to pay off the loan in 3-4 years Link to comment Share on other sites More sharing options...
animalmagic Posted November 25, 2017 Share Posted November 25, 2017 I know of a small company in HK that does lend for Thai mortgages from Singapore banks. Private message me if you want me to send their contacts or refer you. Link to comment Share on other sites More sharing options...
tpkhk Posted November 25, 2017 Share Posted November 25, 2017 To the OP - No personal experience, but if part of the query was about the credibility of MBK guarantee they are well known. They also offer Equity loans against condos that are fully paid for. Believe It can get expensive, and you bear the upfront fees (valuation), regardless of whether the funding is approved or not. They are also selective about which buildings/condos they will fund. The only other avenue - is like the other poster commented - banks lending via their Singapore entities. Link to comment Share on other sites More sharing options...
Morakot Posted November 25, 2017 Share Posted November 25, 2017 (edited) 55 minutes ago, animalmagic said: I know of a small company in HK that does lend for Thai mortgages from Singapore banks. Private message me if you want me to send their contacts or refer you. I'm sure if this is a legit operation, generic details can be posed here. Edited November 25, 2017 by Morakot Link to comment Share on other sites More sharing options...
DannyS1951 Posted November 25, 2017 Share Posted November 25, 2017 http://www.infopattaya.com/ Fill in the form and they will get back to you. May be what you need. Danny Link to comment Share on other sites More sharing options...
ToddinChonburi Posted November 25, 2017 Share Posted November 25, 2017 You and your wife should be able to go to any Thai bank and apply. Link to comment Share on other sites More sharing options...
animalmagic Posted November 25, 2017 Share Posted November 25, 2017 1 hour ago, Morakot said: I'm sure if this is a legit operation, generic details can be posed here. I do not wish to advertise any entity on this forum. To the absolute best of my knowledge it is a legit operation; I am not trying to set up or scam anyone. Link to comment Share on other sites More sharing options...
Satcommlee Posted November 25, 2017 Share Posted November 25, 2017 Married to a Thai and after 5 years of paying tax with work permit have been offered a 90% mortgage on a house.. Not actually gone through with it but the info may be usefull.. Link to comment Share on other sites More sharing options...
statman78 Posted November 25, 2017 Author Share Posted November 25, 2017 Thanks to all who replied. It has been helpful. We tried some Thai banks but since my income is generated outside of Thailand it is not considered. I will dig deeper into MBK Guarantee and the Singapore option. From what I read, the MBK option does have a big upfront fee like was mentioned earlier. I also did some more checking on-line and there is a potential that HSBC may do this type of financing. I'm also checking into this option. Link to comment Share on other sites More sharing options...
HTC Posted November 25, 2017 Share Posted November 25, 2017 If you are fine to put it in your wife's name then UOB offer mortgages where a foreigner can act as a garanteur. Link to comment Share on other sites More sharing options...
statman78 Posted November 27, 2017 Author Share Posted November 27, 2017 On 11/25/2017 at 7:22 AM, HTC said: If you are fine to put it in your wife's name then UOB offer mortgages where a foreigner can act as a garanteur. Thanks! I'll check it out Link to comment Share on other sites More sharing options...
baansgr Posted November 30, 2017 Share Posted November 30, 2017 A personal loan on any of the other three properties from SCB would be possible providing the criteria is met. Expect an intetest rate of around 9% and upfront insurance fees. Link to comment Share on other sites More sharing options...
trogers Posted November 30, 2017 Share Posted November 30, 2017 44 minutes ago, baansgr said: A personal loan on any of the other three properties from SCB would be possible providing the criteria is met. Expect an intetest rate of around 9% and upfront insurance fees. Not going to cover this interest cost with rental yield at today's prices. Link to comment Share on other sites More sharing options...
baansgr Posted November 30, 2017 Share Posted November 30, 2017 Just now, trogers said: Not going to cover this interest cost with rental yield at today's prices. I think the OP wants it for residence not rental. Its just an option for him if other avenues prove unsuccessful, albeit a very expensive one. Link to comment Share on other sites More sharing options...
trogers Posted November 30, 2017 Share Posted November 30, 2017 Just now, baansgr said: I think the OP wants it for residence not rental. Its just an option for him if other avenues prove unsuccessful, albeit a very expensive one. He already owns two condo units. Link to comment Share on other sites More sharing options...
BobbyL Posted January 23, 2018 Share Posted January 23, 2018 Not meaning to hijack the thread. I live and work here and married to a Thai after we both lived in England for a few years. I have no idea the process around buying a condo here but we are thinking about it. Does anyone know what the usual % you would have to pay upfront to purchase a condo? (Obviously a rough estimate). We're looking at places around 8Million so it would be good to get a rough idea about what % of that we would need to then get a place and a mortgage. Link to comment Share on other sites More sharing options...
thedemon Posted January 23, 2018 Share Posted January 23, 2018 1 hour ago, BobbyL said: Not meaning to hijack the thread. I live and work here and married to a Thai after we both lived in England for a few years. I have no idea the process around buying a condo here but we are thinking about it. Does anyone know what the usual % you would have to pay upfront to purchase a condo? (Obviously a rough estimate). We're looking at places around 8Million so it would be good to get a rough idea about what % of that we would need to then get a place and a mortgage. In my experience, for a second hand condo banks will lend up to 80% of appraised value. On new condos it may be higher. Link to comment Share on other sites More sharing options...
BobbyL Posted January 23, 2018 Share Posted January 23, 2018 13 hours ago, thedemon said: In my experience, for a second hand condo banks will lend up to 80% of appraised value. On new condos it may be higher. Thanks for the reply. Link to comment Share on other sites More sharing options...
dksharron Posted February 6, 2018 Share Posted February 6, 2018 Loans to Foreigners ( tailored for Chinese, but available to all) Rates about 6.5% as of a year ago 10 year maximum I tried to upload the pdf forms, but could not do it. Are pdfs not allowed to be uploaded ? Anyone can message me or respond to this and I will email to them the pdf forms for the loans. http://www.icbcthai.com/services/Pages/_en/home/Default.aspx Sriracha Branch 138 Sukhumvit Road, Sriracha, Sriracha, ChonBuri 20110 Tel. (038) 773 483-4, (038) 773 498-9 Fax. (038) 773 559 From: <[email protected]> Subject: ICBCT Foreigner Housing Loan Cc: [email protected]Below attached a brief introduction to FHL product of our bank and I also attached the application forms in case you need. If you have any question about the loan application,please feel free to contact me or Khun Somsak. The contact person for Siracha Branch is Khun Methin (He is the regional manager) For corporate loan, you can contact him for more information. His office no.is +66 2663 9124. Regards, ------------------------- Rui Han ICBC(Thai) Retail Banking Department +66 26639252 Link to comment Share on other sites More sharing options...
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