Land/home Title holder

[ArranP]

Buying land and building house in Phuket, for purposes of Mortgage, land title has to be registered to Thai person, I (farang) act as guarantor.

When mortgage is fully repaid, I would like to transfer title to my luk krueng children.

In the meantime, for the period the mortgage is being repaid the title will need to be registered to both mothers of my luk krueng children.

Is there way by way of a law:

i) ensure the transition of title from the both mother to child once the mortgage is fully paid.

ii) prevent mothers from securing further loans against the property during the period it is registered to them.

Thank you for your response and advices

Regards

Arran.

Edited April 19, 2014 by ArranP

[ianbardon]

it sounds like you are on thin ice, she can do what ever she wants with it, ie run up debts etc,

you need to consult a lawyer, good luck