Is there a legal way to finance a house in Thailand through my Thai wife? We already own a large house near Udon Thani free and clear and I am considering a second house along the coast. My wife does not work, but we have a pretty good monthly retirement income. Would she be able to take out a loan in her name to purchase a 3.5 million baht house? If so, what are the steps? Has anyone ever financed a house here in Thailand through a Thai your Thai wife?
I am not interested in owning or having my name on the house. The owner had a lawyer create a business so he could own the house since he is a foreigner. I do not worry about ownership since everything we own here in Thailand will go to my wife and son when I am gone, and I understood the risks involved. I always have a plan B.
Does anyone know bank requirements to secure such a loan such as down payments, interest rates and length of loan? Your assistance is appreciated.