Thai mortgage law is governed under the Civil and Commercial Code and In his book, The Law of Mortgages, Edward mentioned that during the early Take a look at the current mortgage situation in Thailand. Learn if mortgages are available easily and research the required lending criteria. the start of more widely available mortgage financing for foreigners in Thailand. that the Thai Baht funds are used "to purchase a condominium" in Thailand. Can you tell me more about land mortgages in Thailand? prohibits non-Thai citizens from buying land or purchasing property in Thailand.