Get Your Gf To Take Out A Mortgage?

[UncleDonald]

I'm buying a condo, already put a good chunk of money down, my longtime Thai gf offered to take on the mortgage at the very nice local rates of 3 or 4 percent (for the first three years). Will Thai banks consider lending on jointly titled (Thai-fahlang) property? I'm happy to sign on for the mortage too.

[steveromagnino]

possible depending on the relationship; since the condo can probably be in your name I would not be keen to just give away the deposit...if it is a super farang building with tons of foreigner,s you may exceed the 50% allowance (I think it is 50%).

So try to get a mortgage in your name with her as gaurantor....

FYI interest rates are around 2.5-4% for the promotional period of a year or 2 then up around 6% or so thereafter...so not as cheap as you think.

U will need (probably) a work permit, non imm visa of some sort I think.