Global Mortgage Finance
(Thailand Property and Land Finance Specialists)
Sole Ownership, Thai Individual Person
With Co-Borrower/ Guarantor
A download of the full information is also available here.
(Existing) Thai Company Ownership
With Co Borrower/Guarantor
Once all documents and items have been acquired, a signature on each and every printed page will be required to verify as a true copy of the original. For company papers, the original company seal/stamp shall also be required along with the authorised signatory to sign on all company papers.
Things to take note of during an application:
Right of Servitude
If the land, for which the property sits upon, does not have direct access to a public road, a right of servitude must be registered on the private road before mortgage. Sometimes this only crops up during a full valuation report that an owner has no legal access.
Valuation Report
The sales price or purchase price is likely to be different from an independent valuation which is required. A lender will use their own valuation as the benchmark for how much they can lend which takes into account both market and land office valuation.
Power of Attorney (POA)
When it comes to registration of the Mortgage at the land office, it is preferred the borrower have their own Thai, legal representative to register the Mortgage or, for if a Thai individual borrower, to go themselves and sign land office paperwork. The first option should always be a Thai-Thai handling of the transaction where possible and is highly recommended.
Nationality
We can lend to almost all nationalities though if American, than we are unable to assist due to FACTA tax declarations. If American and have dual nationality with another countries passport, than we may be able to help.
(New) Thai Company Ownership
With Co Borrower/Guarantor
Thai Villa Finance
Documents Required/ Checklist
Before we begin, first and foremost, the ownership structure must be determined, as which documents are required would depend on the outcome to this question. Please click on a relevant ownership scenario below for a detailed list of what minimum documents shall be required to submit for loan approval.
All documents submitted shall be required in either English or Thai. Other language documents are acceptable if, submitted along with a translation.
The 4 scenarios to pick from are:
Sole Ownership, Thai Individual Person
(Living in Thailand or Overseas)