Does anyone know if this is possible or if it would work?

I would ask in the business forum for a start.

They do have this facility in thailand...... Its called a bank

Soutpeel have you triedasan expat to get a mortgage from the bank?

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I got a mortgage from a Thai bank as an expat.

Your competitor would be mbk finance who specialise in this... backed by the owners of a well known mall in bangkok.

Also as stated banks will give mortgages to desirable foreigners for condos.

If you want to give mortgage for land or houses good luck as foreigners cant own so will complicate reclaiming after divorce when mortgage is in husbands name and house in wifes....

Or if you want to lend to foreigners without steady employment, commitment and income in Thailand, again good luck.

Sure there are quite a few that do get rejected by Thai banks yet may get approved in their own country and are a relatively safe investment....but they are the exception not the rule.

Most Thai banks refuse for a good reason, even if it is failure to communicate!

Foreclosing a house is one thing that banks dislike.... losing an investment and failing to even reclaim the house could destroy your business after a few instances.

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I got a mortgage from a Thai bank as an expat.

You are confused, that must have been your wife.

Soutpeel have you triedasan expat to get a mortgage from the bank?

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Was offered one for a condo by SCB not so long ago, once you have a decent credit history in Thailand it not hard to get a loan, however you will not be given a mortgage on a landed property in your own name for obvious reasons, but a condo is fine

I got a mortgage from a Thai bank as an expat.

You are confused, that must have been your wife.

Costa's old chap, your confused, a thai bank will grant a farang a mortgage in their own name, on a condo only, not on landed property

Becoming a commercial money lender (to anybody) to buy property at close to normal banking interest rates is a business that will last precisely 5 minutes. Never mind the issues regarding securities and recovering bad debts etc that exist in thailand.

Even if you could lend at twice the bank rate, you'ld only last 10 minutes.

A more viable (though still highly risky) option would be to lend against cars or scooters. Can charge higher rates and you can retain the asset in your name, reducing the overall risk.

I still wouldn't do it though. Ask yourself this question - would I do it in my own country and make a success of it? The answer is almost definitely no.

Your competitor would be mbk finance who specialise in this... backed by the owners of a well known mall in bangkok.

Also as stated banks will give mortgages to desirable foreigners for condos.

If you want to give mortgage for land or houses good luck as foreigners cant own so will complicate reclaiming after divorce when mortgage is in husbands name and house in wifes....

Or if you want to lend to foreigners without steady employment, commitment and income in Thailand, again good luck.

Sure there are quite a few that do get rejected by Thai banks yet may get approved in their own country and are a relatively safe investment....but they are the exception not the rule.

Most Thai banks refuse for a good reason, even if it is failure to communicate!

Foreclosing a house is one thing that banks dislike.... losing an investment and failing to even reclaim the house could destroy your business after a few instances.

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Your almost correct, in the example you gives the mortgage cannot be in the farangs name

Don't confuse this with being a guarantor on the loan, not the same thing

Thanks for replys guys

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I would imagine that the Legal and Regulatory requirements would be a major problem, you are really looking at setting up a Financial Institution with all the oversight that would be required from the Finance Ministry; to mention only one authority.

Patrick