Buying Mortgaged Phuket Property: Discharge at Transfer

A mortgage on the title is not necessarily a reason to reject a resale, but it changes the closing plan. The buyer needs written evidence of the debt, the lender's discharge process and a payment sequence that does not leave money exposed while a burden remains registered.

Closing checklist

• Obtain a current official title search and identify every registered mortgage, lease, servitude, seizure or other notation.
• Ask the lender for a dated payoff statement and its document, signatory and appointment requirements.
• Put the discharge, sale registration and release of purchase funds into one written closing sequence.
• Confirm who pays bank charges, taxes and registration expenses under the contract.
• Recheck the title at the Land Office before funds are released and keep registered copies after closing.
• Use independent Thai counsel; do not rely only on the seller, broker or lender.

Read the title-deed guide, reservation-agreement guide, buyer guide and buying service.

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Fact-check flags

Debt balances, registered burdens, lender documents, Land Office procedure, taxes, fees and release timing are deal- and date-specific. Verify them with the lender, Land Office and independent Thai counsel before paying.