IF I could find a bank that give me a mortgage to buy a condo

[john donson]

IF I could find a Thai bank that give me a mortgage to buy a condo, there is no need for a FET for the land department ?

 

Yes, chances are slim to zero... I would offer the whole sum as collateral + make them 5-7% a year but would want to pay it off quickly.

 

Money is in Thailand since 2011, was sent to FCD account, converted to THB later, bank pretends they cannot make a new FET because it was 13 years ago, so royally screwed as I do not want to sent it back home country and back here and be taxed 25% at least

 

Yes money was sleeping in an low interest account, till I got divorced as I never expected to lose my current house in ex name, blabla...

 

Anybody else in this situation ?

 

 

[Delight]

Inorder to buy a condo  in a a foreign name you will always  require a  FET.

The only solution that I can think of is to buy  a condo that currently  is in a company.

The seller must accept Baht

 

The benefit of company is that it is easy to bequeath.

downside -you must have the company audited every year

 

[Foxx]

If you have a foreign identification card there is not a requirement for the money to have come from abroad.  That's according to this site:

https://www.siam-legal.com/thailand-law/benefits-of-having-thai-permanent-residency/#:~:text=For instance%2C the,E. 2534 (1991).

[Lorry]

On 6/30/2024 at 5:19 AM, Foxx said:

If you have a foreign identification card there is not a requirement for the money to have come from abroad.  That's according to this site:

https://www.siam-legal.com/thailand-law/benefits-of-having-thai-permanent-residency/#:~:text=For instance%2C the,E. 2534 (1991).

That is NOT the pink card. 

It is the card you get if you have PR.

Correct?

[Dave0206]

I read somewhere some finance company related to Mike's shopping mall could help up to 50% but rates and extras are very high.