Financing A House Through A Thai Wife
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.
Financing for those with retirement ext.
Good day,
Following the thread and as my wife and I will be looking at financing a house, I am wondering if any here have done so with the wife as primary on the loan and the husband as income source if he is on a retirement extension.
She has a good government job, fully owns a 3 million baht home, (it has a clear chanote in her name) where her parents live, I live here full-time, and my overseas income is most ample for a loan in the west, so just try to get a feel for things.
I am well aware of the pitfalls of 'purchasing' through the wife etc, so do not need advice on that, just have others in my situation done the same.
Cheers!