corkman Posted January 8, 2019 Share Posted January 8, 2019 Hi All, I am applying for PR. Some have suggested having PR allows an expat to access favorable mortgage / home loan terms for buying a condo (as a home, not investment). Can anyone comment if this is true? Thanks. Link to comment Share on other sites More sharing options...
baansgr Posted January 8, 2019 Share Posted January 8, 2019 Any leading institution will look favouably on a person's financial and residence status so it surely would be a benefit. Banks have different lending criteria so it's a case if looking for the best deal Link to comment Share on other sites More sharing options...
thedemon Posted January 8, 2019 Share Posted January 8, 2019 Yes it's true. Whereas in order to purchase a condo in Thailand, a foreigner is ordinarily required to prove that the funds were remitted from abroad, the Condominium Act specifically excludes Permanent Residents from this requirement. This means that you can apply for a mortgage from a Thai bank on the same terms as a Thai citizen. As far as the law is concerned it doesn't matter whether the condo(s) are for investment or as a residence. Link to comment Share on other sites More sharing options...
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