Arranging your non-resident mortgage in Thailand

The relatively undiscovered nature of Thailand means that property prices in Thailand remain well below those of other worldwide locations. Thailand property provides a profit-rich environment, boasting some encouraging capital growth figures of around 10-15% per annum. Today, many buyers are discovering the great potential Thailand offers as an excellent real estate investment opportunity.
 
Certain condominium buildings allow for foreigners to purchase condos in free hold (fee simple). The condominium buildings are located in specified metropolitan areas and may have limits on the amount of units available for sale to foreigners.
 
For other Freehold property/land ownership Foreigners can form a Limited Company and register the land as owned by the company. The foreigner can personally own maximum 49% of the company shares, and the remaining 51% must be in the names of Thai nationals. The foreigner is named sole executive director in the company's Articles of Association, and the Thai shareholder nominees all sign undated Share Transfer Contracts at the time the company is being registered. This effectively puts 100% control of the company and its assets in the hands of the foreign director.

Mortgages available in Thailand to Non-Residents
There are no non-status/ self-certification mortgage facilities available, therefore all loans need to be supported by a minimum of, proof of income. If you are employed, you will need to produce, your last six months payslips, P60/employers reference and your last 6 months Personal bank statements. If you are self-employed you will need copies of your Audited Accounts together with you last 12 months business, and 6 months personal bank statements.