financing possible?

Post by **homesearch** » Thu Oct 08, 2009 4:00 pm

Hi people!

i am looking for a house/townhouse in Hua Hin (close to centre) with possibilitiy of financing.
Bit of a garden would be nice.

max. 2,5 mio THB

Any great ideas?

Thanx!!!

Post by **Lev** » Thu Oct 08, 2009 4:03 pm

Listings here though getting somewhere central for that price is a long shot:

http://property.huahinafterdark.com/

Post by **homesearch** » Thu Oct 08, 2009 4:11 pm

thanx! ok...maybe a little bit more far away than?!

Post by **splitlid** » Thu Oct 08, 2009 4:29 pm

its difficult to get finance unless it is under a thais name, and they should have a proper job, etc.

these guys do financing for westerners, the rate is more than standard banks but if you have to have it then give them a call and see what they can do for you.

Jeston Brightmore-Armour.
J. B. Consultancy Services Co Ltd.
E-mail JBCThailand@gmail.com
Mobile 08954 62206
Address- Number 202. 2nd Floor.
Wongchomsin Building.
83/14, Phetkasem Road,
Hua Hin
Prahcub Khirkhan 77110.

regarding a property for that price in town, i think you will have difficulty. best to check out some of the agents in town and go from there.

good luck

Post by **Jim** » Thu Oct 08, 2009 5:01 pm

I think the usual advice is appropriate here. The only way to do this is to come and stay in town and do the leg work yourself. Chatting to faceless cyberpersonalities does not usually prove to be a good way of casing the joint for buying a house. Get into town and start looking.

But good luck.

Post by **homesearch** » Thu Oct 08, 2009 9:02 pm

Great...I am IN TOWN and I am looking around. Just thought there could be one or two good recommendations in this chat.

Post by **johnnyk** » Fri Oct 09, 2009 7:46 am

Falang cannot get a mortgage with a Thai bank in Thailand. Cash in your stash is what they want to see.
Some banks in S'pore will lend up to about 75% I think.

Post by **Dougal** » Sat Oct 10, 2009 3:30 pm

homesearch wrote:Great...I am IN TOWN and I am looking around. Just thought there could be one or two good recommendations in this chat.

I sent you a PM with a suggestion.

Post by **Jim** » Sat Oct 10, 2009 5:38 pm

homesearch wrote:Great...I am IN TOWN and I am looking around. Just thought there could be one or two good recommendations in this chat.

Sorry, no offence meant. And well done on doing the sensible thing. Please keep us up to date with how you get on - though not many will admit it, you can bet that everyone is interested!!

Post by **drdod** » Sat Jan 16, 2010 3:17 pm

this did cross my mind.financing.

only from the security point. ie. a bank wouldnt finance if they thought the goverment would snatch house condo back.

any one have any more advice

thanks drdod

Post by **Winkie** » Sat Jan 16, 2010 4:08 pm

Bangkok Bank, Singapore where prevously overing financing. Not sure if they still do. I belvuie the advance was (as stated) upto 75%.

Post by **squire** » Mon Jan 18, 2010 9:45 am

Winkie wrote:Bangkok Bank, Singapore where prevously overing financing. Not sure if they still do. I belvuie the advance was (as stated) upto 75%.

Unfortunately, Bangkok Bank Singapore Branch shut down their offshore Thai mortgage program in 2008. HSBC are still providing offshore Thai mortgage loans, but only for Premier Banking customers, and the loan tenor is capped at 7 years.

Super Joe · Post by **Super Joe** » Mon Jan 18, 2010 10:24 am

These people provide mortgages for foreigners buying Thai proerty based on taking a charge over the Thai or overseas property, but I don't like their terms and conditions much (see splitlid's post above for their local Hua Hin representative): http://www.mbmg-international.com/property.htm

Bangkok Bank offer this:

SJ