I was wondering about buying a house at some point in the future for my gf's family to live in. It's very much a drawing board thing at the moment but I'd appreciate any input.

 

What I had in mind was to form a Thai company and set it up so that I am sole director and cannot be removed without a 65% vote (which I would be able to block). I would inject some funds into the company and have it buy a property using a combination of those funds and money it had borrowed from a Thai bank. The property would then be leased to the family and myself. The shares in the company could be set up in such a way that by paying the rent, the family were effectively buying their way into the property. Even so, the arrangement between the family and the company would be a straight lease.

 

Does anyone have any insight on whether the banks would lend to a company buying a property to let, and if so at what rates and what sort of loan-to-value?

 

Thanks

 

 

Not to diss your gfs  family but if they have never been able to acquire a home at what I would think is Middle Aged, it would be a downward spiral for you. Thai citizens with secure employment can arrange mortgages themselves through banks,  why get involved.  Your heart is in the right place but don't complicate your life.