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Financing For Foreigners - Build Your Dream House

Information on building a house, buying poperty and land, and all other general contruction topics...

Financing For Foreigners - Build Your Dream House

Postby UPAL » March 17, 2009, 9:41 am

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.
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Re: Financing For Foreigners - Build Your Dream House

Postby 747man » March 17, 2009, 9:46 am

T & C s Apply ??? Like errrrrr What's the INTEREST Rate ?????
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Re: Financing For Foreigners - Build Your Dream House

Postby UPAL » March 17, 2009, 9:56 am

The interest rate will be fixed for the term at 5%.
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Re: Financing For Foreigners - Build Your Dream House

Postby laphanphon » March 17, 2009, 9:57 am

some minor details would be nice, even though contact for details is available, but could save you and anyone some time, as sure at least 10 or so people, including myself would be interested in the basics.

say if already having land and builder, the usual, with banks, is 50 % down, and financing up to age 60, anything else takes some creative negotiating. this based solely on farang finances.

some type of details like that, as the land and house design/construction would change to each one's choices. simple add ons to final figure. but interest and available legnth of loan would be interesting.

thank you. 8)
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Re: Financing For Foreigners - Build Your Dream House

Postby UPAL » March 17, 2009, 10:14 am

LA,

It was my intention to provoke as much discussion as possible in order to create potential interest, hence the initial lack of detail.

One major stipulation to being approved for financing is that our builders carry out the construction works. This allows us better control of the financing of the project.

Please be assured that this will not detract from the quality of wowk or indeed the final finished product. As you. the owner, will be able to really get involved with design and specification of your house. we will of course have example designs to show but appreciate everyone has different preferences and appreciate the appeal of flexibility.

As regards to deposit, this depends, of course, on the individual circumstances. Which I am sure will differ in every case. Rather than an extended mortgage style agreement we have set this up with the current economic situation in mind so expect most to require relativel short term agreement, i.e. up to say 5 years to repay the balance.

On this basis I would expect the deposits to be in the region of say 30-50%. as I said every case will be judged on its merits and taylored accordingly. Interest as mentioned will be fixed at 5%.
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Re: Financing For Foreigners - Build Your Dream House

Postby polehawk » March 17, 2009, 1:36 pm

Is financing available for those over 60?
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Re: Financing For Foreigners - Build Your Dream House

Postby laphanphon » March 17, 2009, 1:47 pm

very good, that fills in most of the blanks, well done. the more options the better.

thank you. 8)
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Re: Financing For Foreigners - Build Your Dream House

Postby Pakawala » March 17, 2009, 3:32 pm

UPAL, I would be interested in the location (map reference) of these 'plots' which are available. For me, location is of prime importance.
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Re: Financing For Foreigners - Build Your Dream House

Postby UPAL » March 17, 2009, 4:19 pm

Pakawala,

Plots are located T8/U8 on the map in the guide.

Polehawk,

Yes is the answer.
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Re: Financing For Foreigners - Build Your Dream House

Postby Pakawala » March 17, 2009, 5:10 pm

OK UPAL, the location isn't too bad but I wish there was a road that crosses the RR tracks for access into town. Where can I see floor plans or pictures of the houses available?
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Re: Financing For Foreigners - Build Your Dream House

Postby UPAL » March 18, 2009, 11:52 am

Pakawala,

I am having some example floor plans drawn up as we speak, should be ready by the beginning of next week. The flexibility is there for you to design the layout and basic design yourself if you wish and we will cost the job accordingly.
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Re: Financing For Foreigners - Build Your Dream House

Postby lee » March 18, 2009, 12:41 pm

[gmap=AARTsJprpHSeudzTr9TMiBtAg8ISTAiLkA]http://maps.google.com/maps/ms?ie=UTF8&hl=en&msa=0&msid=117627343598459306258.00045b3b7e2ec84d5ffda&ll=17.417109,102.813385&spn=0.009275,0.019312&t=k&z=16[/gmap]
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Re: Financing For Foreigners - Build Your Dream House

Postby Aardvark » March 18, 2009, 3:31 pm

What are the average size of the blocks of Land, and is it an Estate type setup or just a suburban area, thanks Aardvark. :D
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Re: Financing For Foreigners - Build Your Dream House

Postby bugseda » March 18, 2009, 4:02 pm

I am sorry but I can’t even keep up with the ever changing visa rules, but am I correct in that Thai law has been changed in that foreigners are able to purchase and own real estate in Thailand now?

I can understand the financing of the actual dwelling, but are foreigners actually able to put land and a home into only our name?

Thank you
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Re: Financing For Foreigners - Build Your Dream House

Postby BKKSTAN » March 18, 2009, 4:55 pm

House ,but not land.You could get a usafruct the would give you complete use and control of the land for your lifetime!
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