Garantías hipotecarias

English translation: Mortgage guarantees/securities

12:18 Dec 15, 2020
Spanish to English translations [PRO]
Law/Patents - Real Estate
Spanish term or phrase: Garantías hipotecarias
Hi everyone,

Sorry, this is my last question!

The full sentence is: "Las Fincas no estarán sujetas a garantías hipotecarias".

Am I right in thinking this just means that they must not have any mortgages?

Cheers,
Nick
Nicholas Isard
Spain
Local time: 15:12
English translation:Mortgage guarantees/securities
Explanation:
Suggestion -
- will not be required to take out/need mortgage guarantees/securities.

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Note added at 3 hrs (2020-12-15 15:44:27 GMT)
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Hi Nicholas,
As far as I understand it, it means a type of insurance (guarantee) is not required to protect the lender if the borrower fails to pay. Also explained by Manuel below.
James
Selected response from:

James Swan
United Kingdom
Local time: 14:12
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2mortgages
philgoddard
4 +2Mortgage guarantees/securities
James Swan


  

Answers


3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
mortgages


Explanation:
I think "mortgage guarantee" is a tautology here - a mortgage is a guarantee. I'd say either "subject to mortgages", or simply "mortgaged".

philgoddard
United States
Meets criteria
Native speaker of: English
PRO pts in category: 80

Peer comments on this answer (and responses from the answerer)
agree  Adrian MM.: also per West https://www.proz.com/kudoz/spanish-to-english/law-contracts/... E+W: 'clear of charges' often misconstrued into ES as no fees payable
1 hr

agree  AllegroTrans
8 days
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39 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
Mortgage guarantees/securities


Explanation:
Suggestion -
- will not be required to take out/need mortgage guarantees/securities.

--------------------------------------------------
Note added at 3 hrs (2020-12-15 15:44:27 GMT)
--------------------------------------------------

Hi Nicholas,
As far as I understand it, it means a type of insurance (guarantee) is not required to protect the lender if the borrower fails to pay. Also explained by Manuel below.
James

James Swan
United Kingdom
Local time: 14:12
Meets criteria
Specializes in field
Native speaker of: English
PRO pts in category: 4
Grading comment
Selected automatically based on peer agreement.
Notes to answerer
Asker: Hi James, this is part of a paragraph stating that the properties must be free and clear of any liens, encumbrances or outstanding charges/debt. So I'm wondering if it means that the properties must not be collateral for secured debt?


Peer comments on this answer (and responses from the answerer)
agree  Manuel Aburto: garantía hipotecaria mortgage guarantee Derecho Tipo de garantía real ofrecida con relación a un bien inmueble por la que se concede al acreedor la seguridad acerca del cumplimiento de una obligación dineraria mediante la constitución de una hipoteca
1 hr
  -> Thank you, Manuel

agree  EirTranslations
1 hr
  -> Thank you, Eir Translations

disagree  philgoddard: No, it's not about insurance. It just means that the properties won't be pledged as guarantees, or collateral, for loans. In other words, they won't be mortgaged.
3 hrs

agree  Steven Huddleston
7 hrs
  -> Thank you, Steven

neutral  AllegroTrans: Nothing to do with insurance, it'a about properties being free from mortgages
8 days
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