Pr & Local Loan For Condo

[alanw]

URGENT URGENT

Would appreciate some urgent advice please:

1. On this site there are statements about - 'with PR there is no need to bring funds from abroad specific to purchase of condo'. Can anybody please give me the address of an official website which states this information.

2. Does PR mean that holder doesn't need to have a Thai guarantor to borrow from local bank, for condo purchase. Again, if this is true, can anybody please give me an official website address which states this information.

Look forward to any advice, and much appreciated.

Regards

[Bobcat]

Alan,

Question 1 - I have heard this from the Land Department, but I have not seen it written anywhere.

Question 2 - Again, nothing official that I am aware of - it depends on the internal policies of the bank in question.

[alanw]

From alanw:

Many contributors like to quote 'the rules', but I note that when I ask for some help to substantiate the official policy, then there are no replies.

I must admit, i'm disappointed.

Regards

[PvtDick]

If someone knew for sure, they would answer you. Why don't you ask the bank? Or did you already ask the bank, but just not like their response?

[Sunbelt Asia]

To confirm this you can contact Section 1, Sub-division 1, Immigration Division1, Room 301, 3rd Floor, Old Building , Immigration Bureau, Soi Suan Plu, South Sathorn Road, Sathorn District, Bangkok. Tel. 66-2-287-3117 or 66-2-287-3101 through 3110, Ext. 2234-5

As for a website, its on Thai Visa at

http://www.thaivisa.com/300.0.html

so it must be correct.

www.sunbeltasia.com

[dr_Pat_Pong]

I don't think that the members are ignoring you Alan, it is just that there are none too many PR's and nobody much knows how to advise you. Sorry.

[20yearsinthai]

I heard once that a foreigner could buy a condo without the letter from the bank. However he would not be allowed to take the money out of the country if he sold the condo.

Anyone know about this?

[trajan]

alanw:

Try talking with the local branch of HSBC. They understand the rules. No record of inward remittance (of the downpayment) required of PRs. They also did not require a Thai guarantor of the housing loan for the remainder of the purchase price.