If you are an expatriate and you wished to purchase a house in Thailand but you need a financing plan to back you up? Well, there are a number of financial institutions that can help you achieve your goals. But before going through the list of banks that can let you a loan, let us discuss the fundamentals of mortgage in Thailand.
Buying property or any real estate in a foreign country comes with risk. What you need to find is a law firm or solicitor in Phuket or Thailand with an excellent reputation in the expatriate community of Thailand. With offices in every major city in Thailand from Phuket to North in Chiang Mai we are able to assist you anywhere in Thailand.
If you are buying property then always speak to a lawyer or solicitor first in Phuket for legal advice before you sign any document. Property fees when you buy property depends on the value of the property but buyer and seller normally pay certain fees themselves. We will explain the basics of the transfer taxes in Thailand on property.
This question has been asked many times before and there appears to be an issue with its understanding. Most foreigners place the land in the name of their wife and try to take a usufruct over the property however that has now also become a major issue in Thailand where the status of women are being questioned as the government at one point in time made it a no-go area.
If you are planning on building a house in Thailand or an apartment block or for that matter making changes to your house then you require a building permit before you can make the changes you want. The first stop is the government offices to obtain a building permit.