This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. Dutch to English
  3. Real Estate

passeerrente

English translation: completion interest rate ('at execution')

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:passeerrente
English translation:completion interest rate ('at execution')
Entered by: Adrian MM. (X)

19:43 Sep 3, 2015
Dutch to English translations [PRO]
Bus/Financial - Real Estate
Dutch term or phrase: passeerrente
Interest rate on the date on which the mortgage deed is executed (before a notary).
But that's quite a mouthful. Can that phrase be tightened up in any way?

Sorry if my questions are getting progressively dumber as this job wears on. I'm having a bit of an uninspired day. But gotta keep on moving, working, learning.
Emma Rault (X)
United Kingdom
Local time: 13:25
completion interest rate
Explanation:
Inductively from the context, rather than deductively from the Dutch, I guess in American and reckon in British that this a mortgage completion scenario.

Having attended mortgage and conveyancing completions myself in and around London before e-conveyancing, I do not think that execution (signing of the mortgage forms or deeds, rather than enforcement of capital punishment/the death penalty) will work in conjunction with the idea of interest payable.



--------------------------------------------------
Note added at 12 hrs (2015-09-04 08:35:12 GMT)
--------------------------------------------------

Fair enough - but *completion* in E&W subsumes execution of 1. a mortgage 2. a transfer of land in regd. conveyancing and 3. a purchase deed in unregd. conveyancing plus, in all case, transfer of duns and handover of any keys.

Should make no difference that the execution = signing is traditionally done, pre e-conveyancing days in the UK, before a Conveyancing Solicitor or Licensed Conveyancer - also a Barrister who may be acting as a Commissioner for Oaths - or before a City of London 'Scrivener' Notary who NB ranks as a *European Continental Civil-Law Notary*.

--------------------------------------------------
Note added at 12 hrs (2015-09-04 08:35:41 GMT)
--------------------------------------------------

transfer of duns = funds
Selected response from:

Adrian MM. (X)
Local time: 14:25
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4completion interest rate
Adrian MM. (X)


Discussion entries: 2





  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
completion interest rate


Explanation:
Inductively from the context, rather than deductively from the Dutch, I guess in American and reckon in British that this a mortgage completion scenario.

Having attended mortgage and conveyancing completions myself in and around London before e-conveyancing, I do not think that execution (signing of the mortgage forms or deeds, rather than enforcement of capital punishment/the death penalty) will work in conjunction with the idea of interest payable.



--------------------------------------------------
Note added at 12 hrs (2015-09-04 08:35:12 GMT)
--------------------------------------------------

Fair enough - but *completion* in E&W subsumes execution of 1. a mortgage 2. a transfer of land in regd. conveyancing and 3. a purchase deed in unregd. conveyancing plus, in all case, transfer of duns and handover of any keys.

Should make no difference that the execution = signing is traditionally done, pre e-conveyancing days in the UK, before a Conveyancing Solicitor or Licensed Conveyancer - also a Barrister who may be acting as a Commissioner for Oaths - or before a City of London 'Scrivener' Notary who NB ranks as a *European Continental Civil-Law Notary*.

--------------------------------------------------
Note added at 12 hrs (2015-09-04 08:35:41 GMT)
--------------------------------------------------

transfer of duns = funds

Example sentence(s):
  • While interest rates have tumbled over the past few years, mortgage-related fees have ... Also known as a mortgage completion fee, deeds release fee or exit .

    Reference: http://www.moneysupermarket.com
Adrian MM. (X)
Local time: 14:25
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 63
Notes to answerer
Asker: Yes my qualms about the word "execution" are part of why I'm having a hard time "trimming" the phrase I suggested above. But the problem is that this system of visiting a civil-law notary "om de hypotheekakte te passeren" (to have the mortgage deed executed) is a formality that's key to the Dutch system. As odd as it might sound to an English ear, I don't think I can get away with rewording in such a way as to leave out mention of it altogether. I want to be as clear about the different stages of the process as I possibly can--also for the benefit of readers who aren't familiar with the Dutch system, but need to familiarise themselves for mortgage-related reasons.

Asker: Thanks again for the response and for going through the different stages of the deliberation process with me. :-) I ended up using the long-winded wording after all, but only execution of the deed before a notary is explicitly mentioned again and again throughout the text, and I didn't want to complicate things unnecessarily by introducing the term "completion" into the mix too. But I agree it is a perfectly elegant solution for the term by itself.

Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search