| Thailand Property Finance |
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Thailand property finance is generally not available from Thai banks to foreigners. Within Thailand, strict guidelines are implemented for Thailand property finance in order to avoid severe credit problems such as has occurred in US and European markets. Following are points related to Thailand property finance and the services provided by Healy Consultants:
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| Thailand property finance solutions can be arranged for investors whether it be for residential or commercial needs or as a property investment.
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| Processes undertaken when arranging Thailand property finance include: i) Comparing the different finance options ii) Negotiating terms and conditions for the mortgage, iii) after securing appropriate finance, Healy Consultants will assist clients to open personal and corporate bank accounts to manage rental income and/or mortgage repayments, if required.
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| Traditionally, foreigners have not been able to obtain Thailand property finance for purchasing property in Thailand. Foreigners would have to source the required finance externally and register the finance with a Thai bank. The investor would usually obtain the funds through their country of origin and transfer via a currency exchange agreement with a Thai bank.
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4.
| Healy Consultants will source competitive Thailand property finance appropriate to the requirements of the clients situation. International mortgages are usually sourced on behalf of our clients from banks including DBS Bank, UOB Bank, ANZ Bank, and Commonwealth Bank.
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5.
| If necessary, Healy Consultants will develop business plans and cash flow projections in order to maximize the probability of gaining mortgage approval.
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| Healy Consultants provides clients with accounting and tax advice to compliment the Thailand property finance services provided. Our firm employs in-house tax specialists familiar with Thailand property tax issues. Our staff liaise directly with regulatory authorities such as The Revenue Department in Thailand.
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| Recently, loans to foreigners are seen more as a way to encourage investment and grow the Thailand economy, rather than a credit risk. The Bangkok Bank has recently opened a branch in Singapore and offers Thailand property finance for up to 70% of the property valuation. Loan periods and interest rates depend on factors such as the currency, which can be euro, US dollar or Singapore dollar.
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| Contact Us | ||||
For further information on Thailand property finance, please contact us at our Singapore office at (+65) 67350120 or email us at info@healyconsultants.com
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