Update on the Bank of Thailand's LTV (Loan-to-Value) measures.
Last updated: 27 Jun 2026
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Buying a second house is a solution for those who live in the suburbs but work in the city center, or for those studying in a different area far from their first house. It solves the problem of downtime and reduces travel expenses, making it more worthwhile in the long run. But what should you consider before taking out a second house loan? Learn the techniques and methods for obtaining a second house loan.
Before taking out a second house loan, consider your income stability.
For those considering buying a second house now, it's not easy. The current economic slowdown may affect income, a major factor banks consider when approving a loan.
Therefore, before deciding to take out a second house loan in this era, careful consideration is crucial. Even if the loan is approved, you need to consider your long-term financial stability and ability to afford the monthly payments.
__________________________________________
Adjusted LTV (Loan-to-Value) criteria allow for 100% financing of a second house.
Besides the uncertainty of whether or not the loan will be approved by the bank... The Bank of Thailand's (BOT) Loan-to-Value (LTV) ratio regulations for housing loans are also an important issue that those borrowing for a second house should not overlook.
In 2025, the LTV criteria for the loan-to-value ratio were adjusted. For those who sign a loan agreement for a second house between May 1, 2025, and June 30, 2026, they can borrow 100% (the full value of the collateral).
• For a second house priced less than 10 million baht, 100% financing is available.
• For a second house priced over 10 million baht, 100% financing is available.
__________________________________________
Tips for a Smooth Second house Loan Approval
Even though borrowing for a second house is easier now because of the 100% financing, the approved loan amount depends on the financial institution's discretion, considering the borrower's ability to repay and their creditworthiness. Therefore, it may not necessarily lead to approval for the full 100% of the collateral value.
Therefore, it is essential to be prepared in terms of financial status. Here are some tips and techniques to help you get approved for a second house loan:
__________________________________________
1. Check your existing house loan debt.
If you find a beautiful house in a good location at a attractive price with interesting promotions, the first step before applying for a second house loan is to check your existing house loan debt.
If the remaining balance is low, it's best to pay it off before applying for a second house loan. This prevents an excessive debt burden and allows you to secure a higher loan amount for your new house. Other interesting options include:
– Reducing your current house/condo loan payments through refinancing. This involves transferring your existing house loan to a new bank with a lower interest rate, significantly reducing your monthly payments due to the lower interest rate.
– Using your fully paid-off house as collateral for a house equity loan at an interest rate of approximately 5-9%. The proceeds can be used to pay off other debts, resulting in monthly payments of only a few thousand baht. This is another effective way to reduce your debt burden and increase the chances of getting your second house loan approved.
– Selling your current house. This can be done even if your current mortgage is not yet fully paid off or you still have outstanding loans from the bank.
__________________________________________
2. Check your financial readiness.
Consider your income stability. If you are one of those affected by the current economic situation, such as salary reductions or job loss, this will impact your ability to apply for a second house loan.
In addition to your first house loan, the bank will check your existing debts and payment history. They will then calculate your total debt burden to determine if you can afford the new loan. Generally, your debt burden should not exceed 40% of your income.
__________________________________________
3. Joint loan without ownership.
Another way to make getting a second house loan easier is through a joint loan. If the co-borrower does not have ownership of their first house, they can benefit from the LTV (Loan-to-Value) measures. This allows the second house loan to be counted as the co-borrower's first house loan. Although this method includes the co-borrower's income (including the first house loan), limiting the loan amount, they can still borrow 100% without an additional down payment. It's true that getting a second house loan in the current economic climate isn't easy, but there are measures in place to help. And if you prepare properly using the recommended techniques, you can be confident that passing the bank's second house loan approval process won't be too difficult.
__________________________________________
Thanks to DD Property for the helpful information.
Before taking out a second house loan, consider your income stability.
For those considering buying a second house now, it's not easy. The current economic slowdown may affect income, a major factor banks consider when approving a loan.
Therefore, before deciding to take out a second house loan in this era, careful consideration is crucial. Even if the loan is approved, you need to consider your long-term financial stability and ability to afford the monthly payments.
__________________________________________
Adjusted LTV (Loan-to-Value) criteria allow for 100% financing of a second house.
Besides the uncertainty of whether or not the loan will be approved by the bank... The Bank of Thailand's (BOT) Loan-to-Value (LTV) ratio regulations for housing loans are also an important issue that those borrowing for a second house should not overlook.
In 2025, the LTV criteria for the loan-to-value ratio were adjusted. For those who sign a loan agreement for a second house between May 1, 2025, and June 30, 2026, they can borrow 100% (the full value of the collateral).
• For a second house priced less than 10 million baht, 100% financing is available.
• For a second house priced over 10 million baht, 100% financing is available.
__________________________________________
Tips for a Smooth Second house Loan Approval
Even though borrowing for a second house is easier now because of the 100% financing, the approved loan amount depends on the financial institution's discretion, considering the borrower's ability to repay and their creditworthiness. Therefore, it may not necessarily lead to approval for the full 100% of the collateral value.
Therefore, it is essential to be prepared in terms of financial status. Here are some tips and techniques to help you get approved for a second house loan:
__________________________________________
1. Check your existing house loan debt.
If you find a beautiful house in a good location at a attractive price with interesting promotions, the first step before applying for a second house loan is to check your existing house loan debt.
If the remaining balance is low, it's best to pay it off before applying for a second house loan. This prevents an excessive debt burden and allows you to secure a higher loan amount for your new house. Other interesting options include:
– Reducing your current house/condo loan payments through refinancing. This involves transferring your existing house loan to a new bank with a lower interest rate, significantly reducing your monthly payments due to the lower interest rate.
– Using your fully paid-off house as collateral for a house equity loan at an interest rate of approximately 5-9%. The proceeds can be used to pay off other debts, resulting in monthly payments of only a few thousand baht. This is another effective way to reduce your debt burden and increase the chances of getting your second house loan approved.
– Selling your current house. This can be done even if your current mortgage is not yet fully paid off or you still have outstanding loans from the bank.
__________________________________________
2. Check your financial readiness.
Consider your income stability. If you are one of those affected by the current economic situation, such as salary reductions or job loss, this will impact your ability to apply for a second house loan.
In addition to your first house loan, the bank will check your existing debts and payment history. They will then calculate your total debt burden to determine if you can afford the new loan. Generally, your debt burden should not exceed 40% of your income.
__________________________________________
3. Joint loan without ownership.
Another way to make getting a second house loan easier is through a joint loan. If the co-borrower does not have ownership of their first house, they can benefit from the LTV (Loan-to-Value) measures. This allows the second house loan to be counted as the co-borrower's first house loan. Although this method includes the co-borrower's income (including the first house loan), limiting the loan amount, they can still borrow 100% without an additional down payment. It's true that getting a second house loan in the current economic climate isn't easy, but there are measures in place to help. And if you prepare properly using the recommended techniques, you can be confident that passing the bank's second house loan approval process won't be too difficult.
__________________________________________
Thanks to DD Property for the helpful information.
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