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Thailand's mortgage lending rules


A mortgage on a Thai property is a form of security under Article 702 of the Thai Civil and Commercial Code, in which certain regulations must be observed to be eligible for legal protection in Thailand, including the following:

  • The mortgagor must be the owner of the mortgage or the person entitled to dispose of it.
  • The mortgage contract must be concluded in writing and must be registered by the relevant authorities, otherwise, the mortgage contract is null and void.

The relevant parties must register the mortgage in accordance with the law if:

  • Land with the land title must be registered at the Land Registry in the district where the land is mortgaged, or at the Bangkok City Land Registry (Sub-district Office), or at the Provincial Land Registry (Sub-district Office).
  • Land without a deed, such as "Nor. Sor. 3", must be registered at the district civil affairs office where the land is mortgaged.

In recent years, financing has gradually made it easier for foreigners to access resources such as loans. Until now, foreign financing has remained a complex matter and highly dependent on your individual needs and circumstances. Of course, the financing terms do not apply to everyone. Before applying for a local loan in Thailand or an overseas loan, it is wise to assess the market and seek advice from a reputable financial advisor or lawyer.

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