The wife and I are thinking of buying land and getting a loan. We have 60% deposit and income to support it. 

 

Question is.... if the loan is only on the land, do we need permission or anything to go ahead and a build house on it?

 

thanks

 

Does the Land come with a shanot? If not the bank won't lend on it. You would also need the local land office to approve the plans for any house built on the land.

44 minutes ago, CharlieKo said:

Does the Land come with a shanot? If not the bank won't lend on it.

Not true there is a lesser title Like Nor Sor Sam Gor 

NS3G. 

49 minutes ago, CharlieKo said:

You would also need the local land office to approve the plans for any house built on the land.

Yep.

2 hours ago, ubonr1971 said:

We have 60% deposit and income to support it. 

Have you thought this over well into the future ?

 

I know it's not part of your question, but, some foreigners do go in "all in" and walk away with nothing.

 

Just saying, (respectfully) only invest what your prepared to lose.

3 hours ago, 4MyEgo said:

Have you thought this over well into the future ?

 

I know it's not part of your question, but, some foreigners do go in "all in" and walk away with nothing.

 

Just saying, (respectfully) only invest what your prepared to lose.

Im protected by marriage laws and thats it. Totally understand your point though. 

 

We have very successful business. Loan amount is not so significant. 

10 hours ago, ubonr1971 said:

Im protected by marriage laws and thats it. Totally understand your point though. 

 

We have very successful business. Loan amount is not so significant. 

As long as you've done your due diligence, then your one step ahead of most.

On 1/10/2023 at 5:46 PM, brianthainess said:

Not true there is a lesser title Like Nor Sor Sam Gor 

I would never buy land with this type. 

Full chanote is nor sor 4

If you are a foreigner, your wife must be working and you can't own the land. 

On 1/10/2023 at 10:29 AM, ubonr1971 said:

The wife and I are thinking of buying land and getting a loan. We have 60% deposit and income to support it. 

 

Question is.... if the loan is only on the land, do we need permission or anything to go ahead and a build house on it?

 

thanks

The specific regulations regarding building on land with an existing loan can vary depending on your location and local laws. In many cases, you should be able to build on the land secured by a loan, but you might need to adhere to certain conditions. To get accurate information about your situation, it's best to:

Check with your lender: Consult with your loan provider to ensure that building a house on the land you're financing is in compliance with the terms of your loan agreement.

Local regulations: Contact your local city or county planning department to find out about zoning and building regulations that apply to your land. They can provide information on permits, restrictions, and any other requirements you need to follow.

Consult a legal expert: For legal advice tailored to your specific situation, it's a good idea to consult with a real estate attorney. They can provide guidance on your specific circumstances and help ensure you're following all applicable laws and regulations.

It's important to verify these details with professionals who are familiar with the laws in your area, as regulations can differ significantly depending on your location.