Mortgage Advice

[expat1010]

So a neighbour of my GF has her small 2 bedroom house up for sale with a Chanote and a very attractive price. I have suggested the GF and her son buy the place using her savings as a down payment and getting a 10 year mortgage for the rest (GF will retire in about 10 years). Both the GF and the son are gainfully employed and not at risk of layoff. Neither of them have financed a home before and as I am out of the country and not there to hold her hand I am looking for advice on: 1- which Banks are easiest to deal with for mortgages (her savings account is currently at Bangkok Bank, son at KrunThai) 2- what are the current mortgage rates and 3 - will the bank hold her hand through this process. Thanks in advance

[JoePai]

why not get your GF to sort this out with either of the 2 banks - why get involved

[Leaver]

On 9/14/2020 at 1:34 AM, expat1010 said:

1- which Banks are easiest to deal with for mortgages (her savings account is currently at Bangkok Bank, son at KrunThai)

Apply to one, if no luck, apply to another.

 

On 9/14/2020 at 1:34 AM, expat1010 said:

2- what are the current mortgage rates

Available on their websites.

 

On 9/14/2020 at 1:34 AM, expat1010 said:

3 - will the bank hold her hand through this process.

Define "holding her hand." 

 

Your GF / her son are purchasing a product.  The T & C's are in a contract, so are the amounts and time frames. 

 

They can seek your opinion and / or advice on the above, but you don't need to be in the country to offer this.      

[techietraveller84]

OP, if anything goes wrong, you'll get blamed for suggesting it and not being around to help. Be ready for that!

[BritManToo]

If her and her son don't have the knowledge or interest to apply for a home loan in their own country, I'd probably say buying isn't for them. Probably best to mind your own business unless your intentions are marriage and guaranteeing the repayments.

[Ponyon]

For banks, since your girlfriend is already with Bangkok Bank, starting there could be convenient. They might offer her a good deal since she's an existing customer. Her son can check out KrungThai since he's with them.

[Ponyon]

On 1/16/2024 at 2:12 AM, Ponyon said:

For banks, since your girlfriend is already with Bangkok Bank, starting there could be convenient. They might offer her a good deal since she's an existing customer. Her son can check out KrungThai since he's with them.

As for mortgage rates, they can change, so it's best to reach out to the banks directly or consult with a mortgage expert like Mortgage Broker Leicester for the most up-to-date information.

When it comes to the process, banks generally guide borrowers, but having someone experienced like Mortgage Broker Leicester could provide an extra layer of support and reassurance.

Edited January 25 by Ponyon