Expat Mortgages
Until recently, the only way expats could get a mortgage would be through their wife’s name. However, mortgages are now being offered to expats for condos only (not houses), albeit at a high interest rate.
International Mortgage to Fund Buying a House in Thailand
If possible, the better way to get a mortgage would be to re-mortgage an international property you own in order to release funds to buy a property in Thailand. You will likely get a lower interest rate.
For more information, please fill out this form or click here to email .
Mortgage from a Thai bank for expats:
| Typical Loan to Value (LTV) | You can borrow up to 70% of the value of the condominium |
|---|---|
| Minimum Loan | Typically $60,000-$100,000 (depending on the bank). |
| Loan Tenure | The loans are usually for a maximum of 20 years |
Interest Rates as of Jan 2010:
| Loan in Sing$ | Bangkok Bank’s Prime Lending Rate per Annum (currently 6%) |
|---|---|
| Loan in US$ | US$ Prime + 0.5 % per annum (currently 8.25% + 0.5 % = 8.75%) |
| Loan in EUR | EUR Prime +1% per annum (currently 7.25% + 1% = 8.25%) |
| Loan in JPY | JPY Prime + 1.25% per annum (currently 2.85% + 1.25 % =4.10%). |
Typical Documents Required:
- Completed mortgage loan application form
- Copy of I.D. card (front and back)/passport (essential pages)
- Signed copy of sales and purchase agreement or reserve agreement
- Evidence of downpayment and copies of the title deeds
- Last 6 months bank statements
- Credit bureau report from your country of residence
- For salaried individuals: Employer’s letter addressed to the bank confirming your position, years of service and remuneration, the last 2 years’ income tax return and the last 6 months’ computerized pay-slip.
- For self-employed individuals: last 2 years’ balance sheet profit & loss statements and last 2 years’ income tax return
- Each bank may require additional documents
Drop into your bank for up-to-date information.
Mortgage from a Thai bank for a Thai wife/husband of an expat
| Typical LTV | You can borrow up to 95% |
|---|---|
| Minimum Loan | $15,000 |
| Loan Tenure | Up to 30 years |
| Interest Rate | 6% |
Click here for information on home loans for UOB.
Click here for information on home loans for Bangkok Bank.
International Mortgage Rates by Country
|_. Country | Loan to Value (LTV)|
| Australia | 70% |
|---|---|
| Canada | 70% |
| Cape Verde | 50% |
| Caribbean | 70% |
| Cyprus | 70% |
| Dubai | 50% |
| France | 100% |
| Gibraltar | 90% |
| Greece | 70% |
| Hong Kong | 70% |
| Israel | 75% |
| Italy | 80% |
| Malta | 90% |
| Monaco | 90% |
| New Zealand | 70% |
| Poland | 70% |
| Portugal | 80% |
| South Africa | 80% |
| Singapore | 70% |
| Spain | 70% |
| Switzerland | 60% |
| Turkey | 75% |
| UK | 80% |
| US | 65% |