Hi all,

Me and my wife are thinking of buying a house in Jomtien but we do not have enough in savings. My wife is Thai and we live in the UK, my wife has done so for last 5 years, and we both work full time.

Are there any other ways of purchasing a house ie, a Thai mortgage? Are there any finance deals on houses?

Thanks

SCB bank will loan your wife 80% if she works

will loan you 50%,take'n out of your account each month

house in wife's name' also the loan will be in wife's name you pay if you go the 50% way

SCB normally require income with taxes paid in Thailand as they do check with tax office to confirm income. It can be a long process upto 3 months befor you receive funds. It seems to be a grey area with posters saying different criteria. Best you get here and try all lenders to see what they say but the underlying criteria seems to be a taxed salary paid into a Thai bank. L&H gave some good deals at present. Altough not udeal as it restricts your choice a new development are more laxed with where money is earned

once a month I wire money to my scb account'

first time borrowed money(loan) less than a month

second,and third(Loan) time took 2 weeks

present(4th) loan took 10 days

why dont you raise a loan in the UK (ie personal loan), far less hassle and your interest rate may be lower than UK.

Banks lending money generally like to see someone actually having a presence in the country you are trying to buy in...A bank in Thailand will determine you are a high risk and would suspect you have a next to zero chance of getting a mortage on a property, unless of course you have a realtive in Thailand who would be prepared to stand the loan in their name