oldgent Posted February 8, 2014 Share Posted February 8, 2014 Sorry but im sure this subject has been done before. I would like to know the do,s and don't,s of getting a mortgage from a bank in Thailand. if some member has done this can you please share your experience with me. (EXAMPLE; A house costing 2,650,000million, putting down a deposit of 1,000,000 million and borrowing 1,650,000 million. thanks Link to comment Share on other sites More sharing options...
FiftyTwo Posted February 8, 2014 Share Posted February 8, 2014 Get your wife or gf to buy it. For a 1.5M loan, she needs 6 months pay slips showing 25k/month, an employer to back up the pay slips. Mine bought a 1.8M house with 300k deposit, another 50k in expenses, 1.5M loan from SCB. Very easy. Link to comment Share on other sites More sharing options...
happynthailand Posted February 9, 2014 Share Posted February 9, 2014 If you have a wife and she works SCB will loan her 80% wife buys house, you pay mortgage they will loan 50% Link to comment Share on other sites More sharing options...
luckylarry Posted February 9, 2014 Share Posted February 9, 2014 If you have a wife and she works SCB will loan her 80% wife buys house, you pay mortgage they will loan 50% We my wife got a loan to buy a house from SCB used my UK pension as proof of income to cover the loan, ( belive it or not true ) not our first property loan here SCB are great. Link to comment Share on other sites More sharing options...
Crossy Posted February 9, 2014 Share Posted February 9, 2014 Indeed, SCB do seem to try to help and find solutions where other banks can't be bothered. As a foreigner you can't get a mortgage, but your wife can, she'll need a job even if you're paying. We got a construction loan with stage payments to our contractor followed up by a mortgage on the completed house, wifey does work, but my income was taken into account (no idea how they worked out what we could borrow mind). Link to comment Share on other sites More sharing options...
oldgent Posted February 9, 2014 Author Share Posted February 9, 2014 thanks to all for your help. one question... Crossy says as a foreigner I cant get a mortgage. but can I get my name on the house say like joint names same as we can do in the UK? Link to comment Share on other sites More sharing options...
Jasun Posted February 9, 2014 Share Posted February 9, 2014 Mortgages, credit cards, personal loans and other debt facilities are all available if you meet the criteria. As well as the normal ID requirements and rules with buying a property, you'll need a very solid income and at least a year's tax receipts (some banks ask for more), plus a letter and other documents from your employer. Expect to have a large deposit. As for banks, UOB and HSBC both go through their international divisions. Bangkok Bank used to only do it through its Singapore branch. Of the other local banks I only know of SCB and TMB who offer finance and it's based on high (60-70%) loan ratio, with an amortisation period of no more than 7 years. Good luck. Link to comment Share on other sites More sharing options...
FiftyTwo Posted February 9, 2014 Share Posted February 9, 2014 (edited) Mortgages, credit cards, personal loans and other debt facilities are all available if you meet the criteria. As well as the normal ID requirements and rules with buying a property, you'll need a very solid income and at least a year's tax receipts (some banks ask for more), plus a letter and other documents from your employer. Expect to have a large deposit. As for banks, UOB and HSBC both go through their international divisions. Bangkok Bank used to only do it through its Singapore branch. Of the other local banks I only know of SCB and TMB who offer finance and it's based on high (60-70%) loan ratio, with an amortisation period of no more than 7 years. Good luck. Which is just wrong information, Your Thai lady (gf/wife) can get a 90% home loan on the flimsiest of documentation for up to 35 years (they don't lend beyond age 65). No tax records required at all. I should know, I did it last year. @oldgent Forget getting your name on anything. More trouble than it's worth. Edited February 9, 2014 by FiftyTwo 2 Link to comment Share on other sites More sharing options...
RAZZELL Posted February 10, 2014 Share Posted February 10, 2014 Mortgages, credit cards, personal loans and other debt facilities are all available if you meet the criteria. As well as the normal ID requirements and rules with buying a property, you'll need a very solid income and at least a year's tax receipts (some banks ask for more), plus a letter and other documents from your employer. Expect to have a large deposit. As for banks, UOB and HSBC both go through their international divisions. Bangkok Bank used to only do it through its Singapore branch. Of the other local banks I only know of SCB and TMB who offer finance and it's based on high (60-70%) loan ratio, with an amortisation period of no more than 7 years. Good luck. Which is just wrong information, Your Thai lady (gf/wife) can get a 90% home loan on the flimsiest of documentation for up to 35 years (they don't lend beyond age 65). No tax records required at all. I should know, I did it last year. @oldgent Forget getting your name on anything. More trouble than it's worth. Who with and what did you show? RAZZ Link to comment Share on other sites More sharing options...
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