This question was closed without grading. Reason: Answer found elsewhere
Sep 4, 2007 14:20
16 yrs ago
Dutch term
United Kingdom
satisfaction guaranteed
Native in: English
Works in: Dutch to English, Flemish to English, French to English
normlast
Dutch to English
Law/Patents
Real Estate
the term is defined as
dat deel van het inkomen dat maximaal voor de lasten van de hypothecaire lening aangewendt mag worden
is this different from "woonlast" - which is housing costs ?
dat deel van het inkomen dat maximaal voor de lasten van de hypothecaire lening aangewendt mag worden
is this different from "woonlast" - which is housing costs ?
Proposed translations
(English)
| 2 | norm costs |
Margreet Logmans (X)
|
| 2 | debt-to-income ratio |
LAB2004
|
Proposed translations
2 hrs
norm costs
Not sure f it's the correct English term, but yes, it's quite different from 'woonlast.' 'Woonlast' are the housing costs as such, 'normlast' is a protective criterion to make sure people can actually afford the house they're buying. I believe it is currently 30%, that means 30% of one's income is allowed to be spend on mortgage and housing costs. Just so you still have some money left for food etc. once you've bought/rented a house.
4 hrs
debt-to-income ratio
Not sure if this term will work for you, as debt-to-income ratio as defined in the link includes all debts, not just mortgage and housing costs. This may help you out a little though. I agree with Margreet that normlast, which is a percentage, is quite different from 'woonlast'.
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Note added at 4 hrs (2007-09-04 19:18:36 GMT)
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Investopedia link gives 'front-end ratio', which is closer to the term you need I think. See http://www.investopedia.com/articles/pf/05/030905.asp
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Note added at 5 hrs (2007-09-04 19:21:16 GMT)
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See this link which gives definitions and confirms that front-end ratio would be the correct term. http://www.bankrate.com/bosre/green/mtg/basics1-2a.asp
HTH
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Note added at 4 hrs (2007-09-04 19:18:36 GMT)
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Investopedia link gives 'front-end ratio', which is closer to the term you need I think. See http://www.investopedia.com/articles/pf/05/030905.asp
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Note added at 5 hrs (2007-09-04 19:21:16 GMT)
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See this link which gives definitions and confirms that front-end ratio would be the correct term. http://www.bankrate.com/bosre/green/mtg/basics1-2a.asp
HTH
Discussion