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Buying In Thailand
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shanghaitim
Posts: 13 Forumite
Does anyone know any High Street Lenders that will give me a mortgage to buy a home in Thailand, I have a UK property with plenty of capital as security, looking for £30,000 over 5 years.
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You won't get a mortgage on a property in Thailand in the UK.
You could raise the money on a standard UK mortgage on your property here, subject to the usual tests (property value, income etc).
I'm not sure what most banks' minimum term is for a mortgage but suspect it is longer than 5 years. For that sort of time frame you're really looking for a loan.
edit - just done a search. See here.0 -
shanghaitim wrote: »Does anyone know any High Street Lenders that will give me a mortgage to buy a home in Thailand, I have a UK property with plenty of capital as security, looking for £30,000 over 5 years.
I'd be interested in knowing if you did manage to find one.
From the ex-pats that I have met, my understanding is that farangs were only able to buy property in Thailand by either having a leasehold in specific buildings or if they wanted a freehold by setting up a limited company with a Thai, where the Thai had the controlling share.0
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