Glossary entry (derived from question below)
Danish term or phrase:
afgiftspantebrev
English translation:
stamp duty mortgage
Added to glossary by
Pernille Kienle
Nov 13, 2022 00:29
2 yrs ago
14 viewers *
Danish term
Canada
Quality translations on time!
Native in: Danish 
, English
Works in: Danish to English, English to Danish
afgiftspantebrev
Danish to English
Other
Real Estate
finance
I realize that this term has been discussed on ProZ before but I'm not sure the correct term was ever determined. My deadline is Sunday Nov. 13, 6 pm Pacific Time and I need to find the equivalent in English... Any help would be much appreciated!!
Excerpt from text to be translated:
Såfremt sælger bliver pålagt yderligere omkostninger i forbindelse med omdannelse af (ejer)pantebreve til afgiftspantebreve, refunderer køber disse over refusionsopgørelsen.
Sælger forpligter sig til ikke at aflyse evt. afgiftspantebrev(e), idet disse overtages af køber.
Here is a great explanation but I'm not sure there's anything equivalent in English?
https://www.legaldesk.dk/artikler/afgiftspantebrev
Excerpt from text to be translated:
Såfremt sælger bliver pålagt yderligere omkostninger i forbindelse med omdannelse af (ejer)pantebreve til afgiftspantebreve, refunderer køber disse over refusionsopgørelsen.
Sælger forpligter sig til ikke at aflyse evt. afgiftspantebrev(e), idet disse overtages af køber.
Here is a great explanation but I'm not sure there's anything equivalent in English?
https://www.legaldesk.dk/artikler/afgiftspantebrev
Proposed translations
(English)
| 1 +1 | stamp duty mortgage |
Andres Larsen
|
| 3 | (Can.) collateral charge (E&W informal) equitable charge |
Adrian MM.
|
Proposed translations
+1
1 hr
Andres Larsen
Venezuela
Venezuela
Native in English
Venezuela
freelance translator
Native in: English
Works in: Spanish to English, English to Spanish, German to English, and 3 more.
Related KudoZ points
:
16
Selected
stamp duty mortgage
Page 9 of 24 pages:
Real Estate Investment in Denmark | DLA Piper REALWORLD
https://www.dlapiperrealworld.com › downloads
PDF
3. Other rights to property
3.1 Easements
3.2 Mortgages and charges
A stamp duty mortgage (afgiftspantebrev) may also be registered on the property. This is not an ordinary mortgage and is merely a way of saving a registration fee that has already been paid for later use in connection with
repayment of an existing mortgage, i.e. if no new mortgage is registered
in connection with a redemption or if the existing mortgage exceeds the
new mortgage amount.
24 pages
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Note added at 1 hr (2022-11-13 02:25:13 GMT)
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Real Estate Investment in Denmark - DLA Piper REALWORLD
https://www.readkong.com › page › real-estate-investm...
In general, easements are created by means of a contractual agreement A regular mortgage secures a A stamp duty mortgage between the owner of the property ...
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Note added at 2 days 11 hrs (2022-11-15 11:57:53 GMT) Post-grading
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Glad to have been of help!
Real Estate Investment in Denmark | DLA Piper REALWORLD
https://www.dlapiperrealworld.com › downloads
3. Other rights to property
3.1 Easements
3.2 Mortgages and charges
A stamp duty mortgage (afgiftspantebrev) may also be registered on the property. This is not an ordinary mortgage and is merely a way of saving a registration fee that has already been paid for later use in connection with
repayment of an existing mortgage, i.e. if no new mortgage is registered
in connection with a redemption or if the existing mortgage exceeds the
new mortgage amount.
24 pages
--------------------------------------------------
Note added at 1 hr (2022-11-13 02:25:13 GMT)
--------------------------------------------------
Real Estate Investment in Denmark - DLA Piper REALWORLD
https://www.readkong.com › page › real-estate-investm...
In general, easements are created by means of a contractual agreement A regular mortgage secures a A stamp duty mortgage between the owner of the property ...
--------------------------------------------------
Note added at 2 days 11 hrs (2022-11-15 11:57:53 GMT) Post-grading
--------------------------------------------------
Glad to have been of help!
Note from asker:
| I can't find the downloadable pdf you are mentioning through the link you gave? Can you send the exact link please? |
| nevermind - just found it |
4 KudoZ points awarded for this answer.
Comment: "Thanks for your help!"
6 hrs
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: Scottish, British)
Works in: Spanish to English, English to Spanish, French to English, and 6 more.
Related KudoZ points
:
36
(Can.) collateral charge (E&W informal) equitable charge
No indication of the target-audience, such as Can. (collateral charge), US Am. + India (equitable mortgage) or England & Wales (expenses-only equitable charge or lien).
CIBC / Canadian Imperial Bank of Commerce (CIBC): 'With a collateral charge, you may be able to borrow more funds against your property in the future without registering a new charge. This helps you avoid legal and other fees, because the collateral charge may be registered for more than the amount of the original mortgage.'
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Note added at 17 hrs (2022-11-13 18:09:28 GMT)
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You, Pernille, are welcome ! Having done a lot of conveyancing and UK stamp-duty payment myself, I still have misgivings over the apparent ambiguity of the official translation as a 'stamp-duty mortgage'.
The latter could mean a mortgage taken out to pay the stamp duty (land registration fees IMO are also covered by the Danish source term) or a 'dutiable' mortgage, so subject to stamp duty fees.
I'm not sure it means either - rather, as in the first weblinked answer, the opposite, namely a charge exempt from such a hit.
CIBC / Canadian Imperial Bank of Commerce (CIBC): 'With a collateral charge, you may be able to borrow more funds against your property in the future without registering a new charge. This helps you avoid legal and other fees, because the collateral charge may be registered for more than the amount of the original mortgage.'
--------------------------------------------------
Note added at 17 hrs (2022-11-13 18:09:28 GMT)
--------------------------------------------------
You, Pernille, are welcome ! Having done a lot of conveyancing and UK stamp-duty payment myself, I still have misgivings over the apparent ambiguity of the official translation as a 'stamp-duty mortgage'.
The latter could mean a mortgage taken out to pay the stamp duty (land registration fees IMO are also covered by the Danish source term) or a 'dutiable' mortgage, so subject to stamp duty fees.
I'm not sure it means either - rather, as in the first weblinked answer, the opposite, namely a charge exempt from such a hit.
Example sentence:
Selvom det virker misvisende, er et afgiftspantebrev ikke et pantebrev, men de ligner dog hinanden på mange måder.
If you sign up for a registered mortgage, you must pay 5% of your home value in stamp duties. In contrast, you have to pay between 0.1% and 02% of your real estate value for an equitable mortgage stamp duty.
Reference:
http://www.proz.com/kudoz/danish-to-english/real-estate/4588262-afgiftspantebrev.html
http://www.proz.com/kudoz/danish-to-english/real-estate/5453911-afgiftspantebrev.html
Note from asker:
| This is excellent, thank you! The target audience is a non-English speaking buyer in an EU country. |
| Hi there - thank you for your time and effort with my questions but I had to pick whatever the client preferred, which, in both cases was the other suggested term. Tak once gain, Perni |
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