Prime Real Estate – Phuket Property, Villas and Apartments For Sale

Your Personal Real Estate and Property Buying Guide To Phuket

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Finance Property


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Looking for finance to purchase a property in Phuket?

In the past foreigners generally couldn’t raise a mortgage to purchase a property in Thailand from any of the Thai financial institutions. Mortgages were only readily available to Thai companies and Thai nationals.

As a foreigner you now have a couple of options;

– A leading Thai bank is now reportably offering mortgage facilities to foreigners purchasing property in Thailand for retirement, 2nd home and business investment. Typically you can borrow up to a maximum of 70% of the properties purchase price or appraisal value, whichever is lower. The loan term can be set for a maximum of 10 years and can even be set up in your own currency providing it’s a currency acceptable to the bank.

– The more commonly used finance option for foreigners, is developers on the island offering an attractive extended repayment plan on the purchase of a property from them.

For more information on a bank mortgage, or on developers that offer a repayment option please contact me through the “Contact Barry ” page on this website.

or by e-mail; barry@primerealestate-phuket.com          phone ; +66 (0) 87 893 5052 (international)  087 893 5052 (local)