nimsey Posted February 27, 2007 Share Posted February 27, 2007 I am living and working in the UK with my Thai wife and we are looking to buy a holiday come retirement home in koh samui,and when we are next in samui we will be looking at some properties,what is the payment method for deposit and can any of the balance be mortgaged in Thailand Link to comment Share on other sites More sharing options...
quiksilva Posted February 28, 2007 Share Posted February 28, 2007 Typically you are looking a 30-90% deposit depending upon value. However, if you are both living and working in the UK I very much doubt whether you will be able to get a mortgage in Thailand. Link to comment Share on other sites More sharing options...
Moonfruit Posted March 1, 2007 Share Posted March 1, 2007 Thai financial institutions dont loan to foreigners. You may be able to obtain a mortgage from a private finance company at an inflated rate, but thats about your best bet. Regards Link to comment Share on other sites More sharing options...
quiksilva Posted March 1, 2007 Share Posted March 1, 2007 Just to elborate I think the same would be true for your wife too seeing as she is also not working and residing in the Kingdom. Link to comment Share on other sites More sharing options...
churchill Posted March 1, 2007 Share Posted March 1, 2007 I wouldn't bother to try to get a mortgage in Thailand - Best way to raise finance is to remorgage your property in the UK . Link to comment Share on other sites More sharing options...
GuestHouse Posted March 2, 2007 Share Posted March 2, 2007 If you have spare money to invest in Property, buy another place in the UK: Benefits: Your investment is in your name You are legally allowed to own your second home in the UK The payments you make will not fluctuate with the exchange rates You can keep an eye on your second home in the UK Once you've considere those factors as either comparritive 'Reduced Risks' or, if you ignore them as comparrative 'Increased Risks' you can then consider return on investment versus risk. The UK comes out tops ever time. Link to comment Share on other sites More sharing options...
solo siam Posted March 2, 2007 Share Posted March 2, 2007 If you have spare money to invest in Property, buy another place in the UK:Benefits: Your investment is in your name You are legally allowed to own your second home in the UK The payments you make will not fluctuate with the exchange rates You can keep an eye on your second home in the UK Once you've considere those factors as either comparritive 'Reduced Risks' or, if you ignore them as comparrative 'Increased Risks' you can then consider return on investment versus risk. The UK comes out tops ever time. The OP wanted a holiday home with a view to retiring here, I didn;t see anything written about an investment - Besides UK houses are way overpriced pointing to a correction soon, besides payments can and do fluctuate with interest rates and you can legally own a condo here. Link to comment Share on other sites More sharing options...
gummy Posted March 2, 2007 Share Posted March 2, 2007 Yes and his wife is Thai so she can legally own any property here. Further no such underhand tax as Council Tax either. Link to comment Share on other sites More sharing options...
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