If you have difficulties paying your mortgage, you can request a deferment until March 30, 2021. During this time, the creditor entity may not demand payment of the installment or any of the concepts. You will also not be able to increase the debt with new surcharges or interest.
The accumulated duration of the moratoriums and legal suspensions or those covered by sectoral agreements granted since September 30, 2020, may not exceed a total of nine months.
What can I request the moratorium for?
You can request the moratorium for any of these assumptions: For your usual home. For your premises or office (for example, if you are self-employed or a professional).For a house that you have rented and on which you are not collecting rent. Also if you are the guarantor or guarantor of a person with mortgage debt, under the same conditions.
What requirements must I meet to request it?
You must be in a situation of economic vulnerability as a result of the health insurance. This means meeting the requirements outlined here In addition, you must meet the following conditions: That the mortgage payment plus basic expenses and supplies is equal to or greater than 35% of the net income received by the family unit. Basic expenses and supplies include: electricity, gas, heating oil, running water, fixed and mobile telecommunication services and contributions to the community of owners.
That the family unit has suffered a substantial change in its economic circumstances in terms of the effort to access housing”, that is, that the effort that housing The Autonomous Community may establish some additional more favorable criteria or expand the assumptions of vulnerability.
Documentation and procedure for the moratorium
The procedures necessary to access the mortgage moratorium have been simplified.
What documentation must I submit?
If you are unemployed: certificate issued by the entity managing the benefits showing the monthly amount received.
If you are self-employed: certificate issued by the State Tax Administration Agency or the competent body of the Autonomous Community based on the declaration of the cessation of activity.
To certify the number of people living in the dwelling:
Family book or de facto partner document Certificate of registration of the people in the dwelling, with reference to the time of presentation of the supporting documents and to the previous six months.
Declaration of disability, dependency or permanent work incapacity to carry out a work activity. To prove ownership of the goods :Simple note from the property registry index service for all members of the family unit .Deeds of sale of the home and granting of the loan or loans with mortgage guarantee. Responsible statement regarding compliance with the required requirements. In addition, if it is a moratorium for a rental home on which the rent has been stopped, you must also present the lease.
IMPORTANT: If any of the documents cannot be provided due to the consequences of the Covid-19 crisis, it may be replaced by a responsible declaration. After the end of the state of alarm, one month will be available to provide these documents.
What is the procedure?
You must submit the request for the moratorium to the mortgagee along with the documents. The creditor entity must implement the moratorium within a maximum period of 15 days, and notify the Bank of Spain of its existence and duration.
The moratorium implies:
The suspension of the mortgage debt during the stipulated term. The non-application during the moratorium of the early maturity clause that appears in the mortgage contract .During the period of validity of the moratorium, the creditor entity may not demand the payment of the mortgage installment, nor of any of the concepts that comprise it (capital and interest), neither in full nor in a percentage. Interest will also not accrue. Likewise, the application of default interest will not be allowed during the period of validity of the moratorium.
