The Central Bank of Thailand has simplified the rules for issuing
mortgage loans to buy an apartment or house. The new rules are designed to help
homebuyers borrow more while making lower down payments.
According to the new rules, the regulator will allow
first home buyers worth less than $330,470 to borrow an additional 10 percent on furniture.
Those
buying their second home and apartment worth less than $330,470 are allowed to pay a down payment of 10 percent, if they undertake to repay the mortgage on the first object within two years, and not three, as before. Otherwise, the amount of the down payment will remain the same - 20%.
The changes came into force on 20 January. This step was expected, because
apartments in Thailand are getting more expensive, while supply and demand are falling.
In addition, the Central Bank plans to cut interest rates, increase tax credits and allow insurance companies to invest abroad to boost liquidity and stabilize the baht. because
apartments in Thailand are getting more expensive, while supply and demand are falling.
In addition, the Central Bank plans to cut interest rates, increase tax credits and allow insurance companies to invest abroad to boost liquidity and stabilize the baht. because
apartments in Thailand are getting more expensive, while supply and demand are falling.
In addition, the Central Bank plans to cut interest rates, increase tax credits and allow insurance companies to invest abroad to boost liquidity and stabilize the baht.
