[b91ZmxzX]

Thanks Steve for your advice.

What about if we are considering taking bank loan to finance this property, is there any issue when using our joint bank account to prove our financial background?

By the way, what is this 'leasing land' about? I also want to be very sure of the whole arrangment to prevent future

[autoloanexpert]

Hi Moxhan;

Any money used to buy land, nevermind where it came from has to be declared to belong a Thai National.
The Non-Thai, even though the money was originally his must sign a document with the Land Office stsaing that the funds used to purchase the land are now solely the property of the Thai person and the foreign spouse agrees to having no rights of claim to the said land.

This document above all must be signed when the foregn person wishes to purchase land here in Thailand for his family:

Do be warned therefore that once that document is signed there is absolutely nothing you can do if your Thai darling decides to kick you out the door the next day.

If you are still unsure about your little sweetheart then see a lawyer about 'leasing land'.

[autoloanexpert]

Hi Moxhan;

Theres no way your wife will be able to get a bank loan for the land unless she can show a serious income etc.. just like in a developed country.

'Leasing Land' has become one interesting alternative as the lease remains in your name and so does the house with which you have built upon it such as 30+30 years etc... i think the max. is 99 years.

Or as paul_au recommended, a condominium, is also a fine bet as an abode or possible investment ideals.

Below are two excellent sites on Thai Law:

For more info contact (English) www.thaivisa.com

or to ask a question on the law (Thai) www.prakarn.com

[Indian Butt Magic]

My advice, don't buy a house, buy a Condominium, that can be legally owned by you, and you can chuck your little sweat heart out if she does not behave. The other alternative is, invest your money into blue chip shares, that produce a high dividend yield, use these dividends to pay the rent on a house.

[b91ZmxzX]

Can anyone help...

Is it true when purchasing a property even property under Thai wife's name, as long as you are using joint bank account, government will not allow this transaction?

Some said that the money must not come from the foreigner husband at all. Once government found out, land will be taken back.

Please help if you have some experience. If above is true, is there anyway to go about it legally?

Thanks,
Mox