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doorgeefregeling

English translation: (mortgage) transfer arrangement

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:doorgeefregeling
English translation:(mortgage) transfer arrangement
Entered by: Adrian MM. (X)

11:00 Aug 30, 2015
Dutch to English translations [PRO]
Bus/Financial - Real Estate
Dutch term or phrase: doorgeefregeling
This term is mentioned in my source text along with "meeneemregeling".
Meenemen = oude hyp meenemen naar nieuwe woning
Doorgeven = oude hyp doorgeven aan koper van oude woning
There was a previous discussion about "meeneemregeling"on here http://www.proz.com/kudoz/dutch_to_english/finance_general/2... which resulted in "transferable mortgage arrangement", but in conjunction with "doorgeefregeling" that becomes more difficult as arguably the latter involves a type of transfer as well.

Would really appreciate any thoughts on this!
Emma Rault (X)
United Kingdom
Local time: 01:42
(mortgage) transfer vs. porting arrangement
Explanation:
vs. meeneemregeling > portable (take-it-with-you) arrangement.

I'm unsure the last ProZ answer was right. There is a difference between a same-mortgagor 'portable' mortgage and one transferable or 'one with equity of redemption assignable' to a new buyer.

NB tacking of mortgage advances in EN law: mortgage advances to the same borrower and over the *same* property can be added together and move up to a higher priority.

consolidation of advances: mortgages over *different* properties, but to the same mortgagor/mortgage borrower can be aggregated and again move up in priority as a composite loan.
Selected response from:

Adrian MM. (X)
Local time: 02:42
Grading comment
Many thanks, both for confirming my suspicions re: the previous suggested translation for doorgeefregeling and for your helpful suggestion for how to distinguish between that and the meeneemregeling.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2(mortgage) transfer vs. porting arrangement
Adrian MM. (X)
Summary of reference entries provided
meeneemregeling
Kitty Brussaard

  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
doorgeef- vs. meneemregeling
(mortgage) transfer vs. porting arrangement


Explanation:
vs. meeneemregeling > portable (take-it-with-you) arrangement.

I'm unsure the last ProZ answer was right. There is a difference between a same-mortgagor 'portable' mortgage and one transferable or 'one with equity of redemption assignable' to a new buyer.

NB tacking of mortgage advances in EN law: mortgage advances to the same borrower and over the *same* property can be added together and move up to a higher priority.

consolidation of advances: mortgages over *different* properties, but to the same mortgagor/mortgage borrower can be aggregated and again move up in priority as a composite loan.


    Reference: http://www.moneysavingexpert.com/mortgages/porting-your-mort...
Adrian MM. (X)
Local time: 02:42
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 63
Grading comment
Many thanks, both for confirming my suspicions re: the previous suggested translation for doorgeefregeling and for your helpful suggestion for how to distinguish between that and the meeneemregeling.

Peer comments on this answer (and responses from the answerer)
agree  writeaway: http://www.proz.com/kudoz/dutch_to_english/finance_general/2... Jack isn't a legal specialist but he's a reliable, no bs translator
1 hr
  -> Thanks. Trouble is equating a self-portable mortgage to one transferable to a third party can have serious - and in one reported EN land law case: disastrous - consequences
agree  Kitty Brussaard
3 days 3 hrs
  -> Thank you kindly de novo in Dutch, 'Belgian Flemish' and Afrikaans.
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Reference comments


1 day 14 hrs peer agreement (net): +1
Reference: meeneemregeling

Reference information:
Portable mortgage scheme
The portable mortgage scheme means that you may transfer the interest rate that applies to the fixed-rate component of your old loan to your new loan. You can read more about this in the conditions or consult your adviser about this.
https://www.abnamro.nl/en/images/Generiek/PDFs/010_Prive/01_...

PS. Refer also to p. 27 of this document for a more detailed explanation and note the use of the terms loan component and composition (of your old mortgage). See your other KudoZ questions (leningdeel / samenstelling).

--------------------------------------------------
Note added at 1 day14 hrs (2015-09-01 01:27:23 GMT)
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And for doorgeefregeling see f.i. http://www.dfbonline.nl/begrip/12727/doorgeefregeling

Kitty Brussaard
Netherlands
Native speaker of: Native in DutchDutch
PRO pts in category: 36
Note to reference poster
Asker: Transfer arrangement vs. porting arrangement, of transferable mortgage scheme vs. portable mortgage scheme. Allebei prima opties lijkt me. Dat document is enorm handig, dank je! Ga er meteen eens uitgebreider naar kijken.


Peer comments on this reference comment (and responses from the reference poster)
agree  Adrian MM. (X)
1 day 15 hrs
  -> Mille grazie :-)
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