House Purchase - Transfer Funds from UK

[BillBilous]

Hi

Can any one tell me the best rate / method to transfer maybe 2m bht from UK to Thailand for house purchase

Also what i should should not do to make the house purchase legal

thanks

[The Fat Controller]

For 2m Baht, SWIFT transfer in STERLING from a UK bank account to a Thai bank account.

Even with the SWIFT and receiving bank fees you WILL be better off overall than using a Forex company, PayPal or Western Union.

I sent £50,000 in October and believe me, I did a lot of research.

As for buying a house, you will NEVER own the land on which it is built, so be very careful how you spend your money !

PS. I have just seen your other thread, look into a USUFRUCT over the land and house.

Also, if you tell the Thai bank a large amount is coming, the Head Office CAN offer you a slightly better rate, my wife managed to get a few satang more per pound by calling SCB as advised by another forum member.

Edited December 15, 2014 by The Fat Controller

[meatboy]

spot on TFC.

when you send it bill dont forget to ad aditional info. the money is to buy a house.

[BillBilous]

thanks to you both

good advice very appreciated

Yes the Usufruct is the way i am doing the land lease

just wanted to make sure i cover myself the best i can

once again a sincere thanks

[Xircal]

Under certain circumstances, foreigners can legally acquire land according to this article: Acquisition of Land by non-Thai citizens

[shakya]

yes if you have 40 million baht to invest (ahem ! )

[chris2004]

For 2m Baht, SWIFT transfer in STERLING from a UK bank account to a Thai bank account.

Even with the SWIFT and receiving bank fees you WILL be better off overall than using a Forex company, PayPal or Western Union.

I sent £50,000 in October and believe me, I did a lot of research.

As for buying a house, you will NEVER own the land on which it is built, so be very careful how you spend your money !

PS. I have just seen your other thread, look into a USUFRUCT over the land and house.

Also, if you tell the Thai bank a large amount is coming, the Head Office CAN offer you a slightly better rate, my wife managed to get a few satang more per pound by calling SCB as advised by another forum member.

Can you please tell us which Forex company. I always thought PayPal/Western Union were expensive. I am transferring 50,000 pounds as well soon so each satang counts.

[Sophon]

For 2m Baht, SWIFT transfer in STERLING from a UK bank account to a Thai bank account.

Even with the SWIFT and receiving bank fees you WILL be better off overall than using a Forex company, PayPal or Western Union.

I sent £50,000 in October and believe me, I did a lot of research.

As for buying a house, you will NEVER own the land on which it is built, so be very careful how you spend your money !

PS. I have just seen your other thread, look into a USUFRUCT over the land and house.

Also, if you tell the Thai bank a large amount is coming, the Head Office CAN offer you a slightly better rate, my wife managed to get a few satang more per pound by calling SCB as advised by another forum member.

Can you please tell us which Forex company. I always thought PayPal/Western Union were expensive. I am transferring 50,000 pounds as well soon so each satang counts.

He said DON'T use a forex company, make a SWIFT transfer via your bank.

Sophon

[chris2004]

For 2m Baht, SWIFT transfer in STERLING from a UK bank account to a Thai bank account.

Even with the SWIFT and receiving bank fees you WILL be better off overall than using a Forex company, PayPal or Western Union.

I sent £50,000 in October and believe me, I did a lot of research.

As for buying a house, you will NEVER own the land on which it is built, so be very careful how you spend your money !

PS. I have just seen your other thread, look into a USUFRUCT over the land and house.

Also, if you tell the Thai bank a large amount is coming, the Head Office CAN offer you a slightly better rate, my wife managed to get a few satang more per pound by calling SCB as advised by another forum member.

Can you please tell us which Forex company. I always thought PayPal/Western Union were expensive. I am transferring 50,000 pounds as well soon so each satang counts.

He said DON'T use a forex company, make a SWIFT transfer via your bank.

Sophon

Sorry i misread his original post.