Pdavies99 Posted July 16, 2017 Share Posted July 16, 2017 My Thai Pattaya home is in my Thai wife's name, its worth 6 million +- loan free etc I want to obtain a loan of say 1 million baht against above property for my name village home improvements. Has anyone done this? And is it time consuming etc? Thanks for any advice, but please no usual comments about Thai Wives etc. Link to comment Share on other sites More sharing options...
Crossy Posted July 16, 2017 Share Posted July 16, 2017 YOU won't get a loan against the property, it's not in your name. However your wife should be able to if she can convince the bank she can repay the loan. It can be drawn out, our SCB "construction loan" finally came through when the house was nearly finished, typically Thai. Are you or your wife working? Link to comment Share on other sites More sharing options...
Pdavies99 Posted July 16, 2017 Author Share Posted July 16, 2017 40 minutes ago, Crossy said: YOU won't get a loan against the property, it's not in your name. However your wife should be able to if she can convince the bank she can repay the loan. It can be drawn out, our SCB "construction loan" finally came through when the house was nearly finished, typically Thai. Are you or your wife working? Both retired with pensions in both names, and loan would be in wife's name, of course. Link to comment Share on other sites More sharing options...
Crossy Posted July 16, 2017 Share Posted July 16, 2017 30 minutes ago, Pdavies99 said: Both retired with pensions in both names, and loan would be in wife's name, of course. Go and talk to SCB, they have been the most friendly in the past. No warranty implied or inferred. Link to comment Share on other sites More sharing options...
Surasak Posted July 17, 2017 Share Posted July 17, 2017 We have a business in the wifes name of course. Applied for a loan of 1.5million from ktb. 3 days after making application, 2 people came to inspect property. 1 week later we were invited to the bank to sign the agreement. Wife had to take out a 10 year life insurance for a 5 year loan. No problems at all Link to comment Share on other sites More sharing options...
natway09 Posted July 17, 2017 Share Posted July 17, 2017 As stated cannot in your name but if wifey is well & has an income more 3 times the loan repayments should be OK. Pop down & have a chat with your local bank Link to comment Share on other sites More sharing options...
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