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