Buying, selling, renting, mortgages, law and tax, written so you can decide when you finish reading
The policy covers six perils rather than fire alone, caps all four natural perils at 20,000 baht a year, and averages your claim down if the sum insured falls below 70 percent of actual value. Here is what the wording says, what is excluded, and the temporary accommodation benefit almost nobody claims.
The bank is not refusing because it disbelieves your income but because it cannot prove it. The whole task is turning income that exists into income that can be evidenced, which takes twelve months and is entirely in your hands.
The LTV ceiling is relaxed to 100 percent for agreements up to 30 June 2570, but a ceiling is not an instruction to lend. Where a second home genuinely differs is land and building tax, which it pays from the first baht.
No, and the bank cannot require it. The Bank of Thailand states that a financial institution may not make insurance a condition of loan approval. What it may do is quote two interest rates, with cover and without, which is a different thing. Ask for both sets of terms in writing and compare total interest.
Call the bank in the month you know you will fall short, not after three missed payments. Bank of Thailand rules require a lender to offer restructuring at least once before default and once after, before suing or seizing. It is a right, not a favour, and the earlier you talk the more choices remain.
Three things: net rent collected, principal repaid and price movement. The first two can be calculated in advance. Thai tax law draws two lines that decide how long holding pays: five years, where 3.3 per cent specific business tax gives way to 0.5 per cent stamp duty, and ten years, where the law stops counting.
Each bank uses a different appraisal firm, different criteria and a different set of transaction comparables. The bank valuation sets the loan amount, unlike the Treasury appraised value which sets transfer fees. Lending is against the lower of price and valuation, so any shortfall becomes cash the buyer must find.
Rent of 10,000 a month on a 2 million baht condo is a 6.0 per cent gross yield, but after voids, common fees, maintenance and agent fees it nets about 3.78 per cent before income tax. MRR at the major Thai banks in early 2026 is roughly 6.6 to 6.95 per cent, so a mortgaged unit runs at negative cash flow.
A joint loan creates two separate bonds, debt and ownership, and a co-borrower off the title remains liable for the whole debt with no interest in the property. This guide sets out the four possible positions, the THB 100,000 interest deduction that belongs to the loan and is divided among borrowers, and why a co-borrower off the title can still buy their own home later at 100% LTV.
Many owners keep paying unnecessary interest because refinance timing is unclear. This guide explains break-even math, real fees, Thai bank requirements, and a practical decision workflow before submitting.
A practical Thailand-focused refinance guide covering true cost calculation, bank offer comparison, and a decision checklist that protects long-term cash flow.
A practical 2026 guide to refinancing in Thailand, covering break-even math, required documents, lender comparison, and a confident decision flow.
