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rcrux

Member Since 2009-10-16
Offline Last Active 2012-01-21 22:01
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Topics I've Started

Money Flow / Property Ownership

2010-09-21 00:40:11

Hi - hope someone may be able to offer the benefit of their wisdom on one or two issues here.

Firstly I'm 50, English, have a stable relationship (not married) with a thai national - She is a business women and financially independent.
I have an amount of capital that I'm not quite sure how to use in this situation. I have been living in Bangkok for 6 months on a non imm 'O' 12 month visa which runs out in Jan.
I am wondering about trying for a retirement visa next  and know I need to deposit 800,000 baht in a thai bank to get this . So far - no problem.

However, my partner has asked if she might be able to borrow about 40,000 gbp to tempoarily pay off the mortgage on one of her houses in order that she can refinance it in her own name following her divorce last year.

I must say that I do not seek advice on the wisdom of this move - I understand some people might consider that a risk, I do not, knowing her very well.

I merely need to know if it would be possible to a) lend her the money with no problem, or b) buy the house from her myself. It is in an area that is destined for skytrain access in a few years and would be an investment anyway - that is if a foreign national would be able to take advantage of that.

It would also help me to know how being married to her would affect the situation as this is something I am also considering.

I thank you in advance for any advice.

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