Documentos y crédito
The paperwork behind a sale and the words for financing it. Much of this is specific to Peru, and the notes say so — a client asking about el bono del buen pagador is asking about a real programme, not making conversation.
Los papeles
la partida registralfnoun
the land registry entry
Peru: issued by SUNARP, the public registry. The first thing to check on any sale.
el título de propiedadmnoun
the title deed
la minutafnoun
the draft contract
Peru: the private agreement a lawyer drafts, before it goes to the notary.
la escritura públicafnoun
the notarised deed
What the minuta becomes once the notary signs it. Only then is it registrable.
el notariomnoun
the notary
Not optional in a Peruvian sale, and the buyer usually pays.
el autoavalúomnoun
the municipal valuation
Peru: what the district says the property is worth for tax purposes. Lower than the market price.
el gravamenmnoun
the charge on the property
el saneamientomnoun
clearing the title
El inmueble necesita saneamiento. · The title needs sorting out.
El crédito
el crédito hipotecariomnoun
the mortgage
la cuota inicialfnoun
the down payment
Peru: usually ten to twenty per cent. La entrada in Spain, el enganche in Mexico.
la cuota mensualfnoun
the monthly payment
la tasa de interésfnoun
the interest rate
La TEA is the annual rate quoted in Peru.
el plazomnoun
the term
A veinte años de plazo. · Over a twenty-year term.
la evaluación crediticiafnoun
the credit check
el desembolsomnoun
the release of funds
The step everyone waits for. La fecha de desembolso is what the seller asks about.
el Fondo Miviviendamnoun
Peru's housing programme
State-backed lending for first-time buyers, with lower rates.
el Bono del Buen Pagadormnoun
the good-payer grant
Peru: a subsidy towards the down payment for buyers who qualify.
Cuando algo se traba
estar en trámite
to be in progress
La partida está en trámite. · The registry entry is being processed.
observarverb
to raise an objection to a document
Bureaucratic Spanish: el registrador observó la escritura means he refused it pending corrections.
subsanarverb
to put right
Hay que subsanar la observación. · The objection has to be put right.
la demorafnoun
the delay
desistirverb
to withdraw
El comprador desistió. · The buyer pulled out.
resolver el contrato
to terminate the contract
A false friend: resolver un contrato is to end it, not to solve a problem with it.
Hablar con el cliente
¿Está saneado?
Is the title clear?
The question a serious buyer asks first.
¿Acepta crédito?
Will you take a mortgage buyer?
Some sellers only want cash, because financing adds weeks.
¿Cuánto es el mantenimiento?
What is the service charge?
Le hago llegar la documentación
I'll send you the paperwork
Quedamos en firmar el viernes
We've agreed to sign on Friday
Quedar en plus infinitive: to agree to do something.
Cualquier consulta, me escribe
Any questions, just message me
Standard sign-off in Peruvian business Spanish, and usted throughout.