Borrowing Against Owned Condos

[spacelord]

Apologies if this has been asked before, tried to search and could not find.

I own three condos in Jomtien. I would like to use one, or all, as collateral for a loan to buy another. I assume 50% down will be required and financing would be in Thai wife's name. I am on retirement visa, but work full-time for multi-national in Singapore. One man at SCB in Pattaya says 20% of valuation, man at SCB in BKK says 50%. Both talk about "signing" the properties over tho the bank (my wife's words).

Any illumination that can be provided is appreciated...................

[pkrv]

I assume you wish to put the new condo only in your Thai wifes name, not yours or indeed joint names?

Otherwise funds from overseas etc...

[quiksilva]

You may want to try CIMB I saw them advertising this service recently, but did not get any details on it.