recht van eerste hypotheek

22:17 Sep 6, 2015 

As you see in the reference below:

hold the first charge on a property...

However, you find have/has much more frequentely, probably related to this 'owner of the first charge'.

22:10 Sep 6, 2015 

'charge' implicits 'right' if I am to believe this and all the references I found:

First Charge

A legal right under which the owner of the first charge has the right to decide on what to do with a property if the borrower fails to maintain the repayments i.e. the mortgage lender will in most cases hold the first charge on a property until the mortgage is fully repaid.


http://www.encyclo.co.uk/meaning-of-First Charge

16:34 Sep 6, 2015 

Yes, I agree with you Adrian, I was going to use the verb "holds" for that. "Holds the charge" or "holds first charge" over the property, as in has the right to etc. etc.

16:15 Sep 6, 2015 

First thing to note: a charge in the UK can also be taken over chattels (moveable property) like a motor car or a painting. It's called a conditional bill of sale by way of mortgage vs. a bill of sale absolute that is used e.g. in the US for the sale of a vehicle. Second thing: charges are *taken* over chattels and land. Third thing: "X heeft het hypotheekrecht" doesn't strike me as X actually having taken the charge, but X having *the right to take one ranking first in priority*.

14:29 Sep 6, 2015 

Not entirely sure if the definite article needs to be left out. See f.i. http://www.macdonaldmortgages.co.uk/sitepages/securedloans.h...

22:04 Sep 5, 2015 

Hi again. I think "charge" is the way to go. Would you agree with me that "het hypotheekrecht" (note the definite article) = "first charge over the property"? As in the sentence, "X heeft het hypotheekrecht" (heading for a longer section).

02:26 Aug 29, 2015 

You find mainly (site:uk)

X has/have the first charge / sometimes 'hold the first charge'

On completion the CML handbook states that the lender requires that they have the first charge on the property and that that charge is executed by all legal owners of the property.

You can find many examples but other participants here may be able to qualify, confirm or dismiss this.

So if my reading was acceptable/plausible:

"X heeft altijd het recht van eerste hypotheek op de registergoederen waarvoor X (hypotheek)leningen heeft verstrekt."

"X will always have the first charge on the properties ...X... granted mortgages/mortgage loans..."

Perhaps differentiate between 'hypotheek' (mortgage/mortgage loan) and "hypotheekrecht/recht van hypotheek/ recht van eerste/tweede hypotheek" (no need to use 'mortgage' in the latter case, I suppose)

02:02 Aug 29, 2015 

produces a lot of hits for:

"first charge on" "property" site:uk

much more than for:

"first mortgage on" "property" site:uk

01:26 Aug 29, 2015 

"X heeft altijd het recht van eerste hypotheek op de leningen die door X worden verstrekt."

Laten we voor "X" "de bank" substitueren:

"De bank heeft altijd het recht van eerste hypotheek op de leningen die door de bank worden verstrekt."

Als je van daaruit gaat naar:

"De bank heeft altijd het recht van eerste hypotheek op de (hypotheek)leningen (die zijn genomen voor registergoederen) die door de bank worden verstrekt."

Anders geformuleerd:

"De bank heeft altijd het recht van eerste hypotheek op de registergoederen waarvoor de bank hypotheekleningen heeft verstrekt."

Moet kunnen. :-)

17:56 Aug 28, 2015 

A modest attempt (UK English this time):
"Als de persoon in kwestie een overbruggingskrediet neemt, vraagt X ook een hypotheekrecht op de oude woning."
If (...), X will also seek (permission from borrower) to place/obtain a charge on the former property. Of: (...) borrower will also be required to give/grant X a charge on/over the former property.
Kan waarschijnlijk beter qua Engels, maar wat mij betreft hier in ieder geval: hypotheekrecht = charge (on/over the property). As already suggested by Adrian (but leaving out the modifier first as this specific sentence is not about a recht van eerste hypotheek).

"X heeft altijd het recht van eerste hypotheek op de leningen die door X worden verstrekt."
Inderdaad een merkwaardige formulering, zoals al door Evgeny opgemerkt. Een hypotheekrecht kan alleen maar worden gevestigd op registergoederen.
Logischer lijkt mij hier:
X heeft altijd het recht van eerste hypotheek ter zekerheidsstelling van de leningen (...).
X always has the right of first charge to secure the loans (...)

20:33 Aug 26, 2015 

Thanks! It's a tricky document for sure, but it keeps me on my toes :-)

20:10 Aug 26, 2015 

you're perfectly right as far as prepositions are concerned. I've only warned against considering the preposition to be part of the original phrase as in the other solution as if the requested phrase were 'recht van eerste hypotheek op'.

Emma, I like your final suggestion for rephrasing that sentence. Best wishes to your other difficulties as well.

19:37 Aug 26, 2015 

Evgeny, Peter--yes, quite, indeed. Just to be clear: X is a mortgage provider, but the mortgages provided by X are referred to in my source text are mortgages.

But, yes, I agree with Evgeny's point: it is slightly odd to say you've got the right of mortgage on. . .a mortgage.

Basically they're saying: whenever X grants mortgages, X is first in line to reclaim the property/value of the outstanding amount in the event the borrower defaults.

Perhaps I should rephrase to "holds the first mortgage on the relevant property".

18:46 Aug 26, 2015 

- either prep. is perfectly OK. No g/hits has abs. no bearing on standard EN legal drafting techniques or land registration practice.

18:28 Aug 26, 2015 

"first mortgage on" has absolutely no hits by me on Google - a bit strange if it were correct UK English usage. 'On' is just a preposition and is often replaced by 'to'. Honestly, I don't really understand the meaning of the first context sentence (the relevant one), feels hazy ... no wonder you felt doubts about it too.

18:27 Aug 26, 2015 

How do you understand and translate "op de leningen" in the first sentence? "On" or "in respect of"?

In the second sentence, hypotheekrecht (and, respectively, 'mortgage (right)' is legit.
But in the first -- die eerste hypotheekrecht op LENINGEN -- sounds odd. On the other hand, lawyers (I happen to be one) are notorious for juggling their almost-synonymous terms of art. By me, it should be 'de eerste pandrecht op' and, respectively 'first lien on (or in respect of)'.

17:49 Aug 26, 2015 

Context for "recht van eerste hypotheek": "X heeft altijd het recht van eerste hypotheek op de leningen die door X worden verstrekt."
Context for "hypotheekrecht" without the "eerste" modifier: "Als de persoon in kwestie een overbruggingskrediet neemt, vraagt X ook een hypotheekrecht op de oude woning."

17:30 Aug 26, 2015 

to go with the term. (Sometimes it may suggest something very different from the head-on verbatim.)

17:08 Aug 26, 2015 

Perhaps: the bank is seeking a first charge (US: lien) over the old dwelling. A mortgage interest vs. a leasehold interest doesn't work.

17:00 Aug 26, 2015 

Yes. But. If we're going with "first mortgage on", as Evgeny suggests and Adrian confirms is correct usage in a UK English context, then what does one do with instanes like the following:
"De bank vraagt een hypotheekrecht op de oude woning"?

If I'm going on gut (or heart, Evgeny ;-)) instinct, "right of mortgage" sounds better in that context, but I'm wondering if that's falling into the trap of "translatese" since its usage seems so limited to a Dutch-specific context.

11:03 Aug 26, 2015 

It won't deceive you. ;-)
(And you may want to drop "right/lien", if the context permits.)

10:49 Aug 26, 2015 

"Right of first mortgage" has only 7 hits. "First mortgage lien" sounds much more natural to me. I can't find it in use on any UK websites, but then I can't find *any* variation on the "first" wording in use anywhere on the UK Internet.