Financing For Foreigners - Build Your Dream House

by **bugseda** » March 18, 2009, 5:37 pm

Thanks Stan

I found this

http://www.sunbeltlegaladvisors.com/Tha ... ufruct.php

which explains what it is and your options. It still seems worrisome to me. I don't like all the stipulations.

But to each his own.

Thanks again.

by **UPAL** » March 21, 2009, 2:59 pm

Answers to previous unanswered questions:

Plot sizes are flexible to the purchasers needs and dependent on style of house reqired.

Rather than a conventional 'village' style set up the available land is being offered so that each lot is completely individual with access gained via a private road serving no more than I would expect 4 properties.

Regarding ownership, its true that whilst foreigners cannot own land in Thailand there are ways of legally protecting yourself be it by Usafruct or by a lease style agreements. More info can be found here: http://www.udonpropertyandland.com/?q=node/6

Best Regards
Gareth

by **Fawn** » October 11, 2009, 5:21 pm

UPAL wrote:Having struck a deal with a land owner who has plots available inside the ring road and only approx 1 km from the city center we are very excited to be able to offer financing to ease the pain of poor exchange rates. However if the location doesnt suit you we can help you to find a plot or use land which is already available to you.

All you need to do is select the design of house that you like, pick your plot and pay the deposit. We will then oversee the construction of your dream home to completion. The balance can then be paid monthly over a period of time convenient to you.

For more details please contact me on 0804218901 or email to info@udonpropertyandland.com

Terms and Conditions apply.

I wonder where the financing was coming from to fund prospective buyers.

How would financing ease the pain of poor exchange rates, would it be a case of UPAL loaning at a nominal exchange rate so transferring the risk of a fluctuating currency market to them?

Would an interest rate of 5% have covered their risk?

Do you have to be licenced to loan money in Thailand?

by **tamada** » October 19, 2009, 5:47 pm

All those links are dead.

Is the 'deal' dead too?

by **beer monkey** » October 20, 2009, 4:12 am

All existence of the upal/G-man saga has gone....so i would think so...

did you read this mighty thread...

missing-property-manager-t14958.html

Financing For Foreigners - Build Your Dream House

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