|
|
|
CONDO MORTGAGES FOR FOREIGNERS BUYING A CONDO IN THAILAND: Banks will not let foreigners buy a condo via mortage unless you are the holder of a factory < SINGAPORE ONLY: Singaporeans
can now buy condominiums in Thailand under
a new service offered by Bangkok Bank. The bank's Singapore branch has begun
offering offshore financing for foreigners seeking to purchase condominiums in
Thailand. Loans of up to 70% of a condominium's value were available to
foreigners both in Thailand and other countries who want to buy this type of
property. Applicants can e-mail their details or send them by DHL to the bank's Singapore
branch, he said. The applicant's earning ability determines how much he or she can borrow. For
example a person seeking a loan to buy a condominium worth 20 million baht
should be earning around 300,000 baht a month, Mr Torphong said. While foreign nationals are allowed to purchase condominiums in Thailand,
financing has often been problematic, with local financial institutions
reluctant to offer loans due to uncertainties regarding credit risk. ''Well over half of the inquiries we receive ask for lending or mortgagee
finance and up until now there wasn't anything available, except a number of
private firms offshore offering lines of credit or personal loan financing,'' he
said. ''I am sure buyers will feel much more relaxed dealing with such a credible name
as the Bangkok Bank, than an Isle of Man-registered company offering
unattractive financing terms.'' FINANCE LOAN APPLICATION FORM Please fill form copy, paste & send to us: Thank you for the mail and for your kind interest in seeking finance. We can assist you with Thai Banks but you must have Thai partner/wife/husband to be eligible. Cost is approx 5000- 15000 baht thru our law office. PLEASE COPY AND PASTE THE FOLLOWING
AND SEND TO US. at bangkok@pobox.com We also offer owners of property in Thailand full complete Insurance
COMPANY INDEMNITY: Our Company does not conduct conveyancy of property sales, title searches and lease agreements as we use our Law Office to do these. If you do not have a lawyer then we can advise you & recommend one. All conveyancy procedures in Thailand should be conducted by a qualified Law Office and we do not advise you to use any of our Company staff nor others to assist you even though you feel they may cut corners for you or save you money. Our Company is not responsible other than assisting clients to purchase, sell, rent or lease & we will not be held responsible or accountable. Feel free to ring us if you have a problem & require advise about our services or you are not sure what you are signing: Ask to speak to our Manager: 00-66 1-9527812 [ HOME ] |
Copyright © 2001 Asia Trading Post Co Ltd email:
sales@bangkokrealty.biz or
siam@pobox.com
|