Yep, and just by coincidence, the BANK OF BANGKOK has closed it's Thai Mortgage office in Singapore and has now based it at the Silom Rd HO - well, the Trinity building to be precise.
A change to assist us - I think not!!
Now, the BoB will not loan
less than Tb10,000,000 for mortgages to foreigners.
A 30% deposit required.
The repayment schedule is geared to 65 years of age and will certainly put the breaks on the 55yo + Thai romance retirees industry
Personally, I'm not and will never be after a Tb 10m Condo (unless the '97 crash occurs again) so it would appear BoB is doing a bit of social engineering based on wealth and perhaps age?????????????????? .
It was not that long ago on this forum there was reference to a newspaper article statement by an official of the BoB that basically stated foreigners were not welcome. Something along the lines of "the number of older foreigners marrying Thai's is turning the country's womanhood it prostitutes"
Guess who's' just closed all our BoB accounts
Any one know of a Thai bank who likes our money and genuinely wants to assist ???