when we initially agreed to buy we made a 100000 baht deposit with the agreement to be finalise ‘subject to finance’. Our loan was rejected due to 60 baht outstanding on my wife’s credit card from 2 years previous (they were fully paid out by me). Even after being denied the seller was still happy to continue with their financing of the purchase.
We had them draw up a contract of which we had checked by our lawyers and we also made quite a few changes ourselves to mitigate our risk and then checked once more.
After we got the ho ahead we drew up a repayment plan so everyone could easily