Want Mortgage For 2nd House ?

[coatesy]

Hello all,

My situation is I have been married to a Thai for the last year , we own a house in Phuket ( paid 5 million baht one year ago ) , We have a baby on the way and We would like to buy a second home , I work in thailand have all the visa's and work permits , tax letters for my employer.

My wife is'nt working ........ the big qestion is would we beable to get a mortgage for a second home? using our current home as collateral ? I have a good income but do'nt realy want to use all my savings from over sea's ... looking at around 10 million baht??

Thanks,

[ArranP]

Have a look at this http://www.siam-legal.com/realestate/thail...y-financing.php

I think it goes on multiples of your available income.

Also Developers themselves like land & house offer financing http://www.lhphuket.com/options.html