We are looking at buying a house in Thailand with the intention of moving back to Thailand in about 5 or 6 years. My wife is Thai and I understand about what foreigners can and can't own. It will be bought in her name which I'm not worried about. We are looking into borrowing from a Thai bank. My wife has been in touch with a company in Thailand that will submit our documents to the bank and is charging 15,000THB for this initial process. If the loan is approved he will then charge us 3% of loan amount.
I'm wondering if anyone knows if this sounds a fair deal or are able to offer some advise here.
Also I have found a property developer "Home Solutions" that are based in Rayong. They have properties and are advertising guaranteed rental of property for 6 years after purchase. This sounds a good deal.
Does anyone know of these deals and if there are any pitfalls.
Cheers.