18 March 2020 – Banned mortgages for the acquisition of vulnerable debtors” dwellings

Intervention Categories: Legal and policy; Regulatory change
Level of Jurisdiction: National

Overview: The Government of Spain imposed a moratorium on mortgage loans being granted for the acquisition of a dwelling whose debtor is in a vulnerable situation as a consequence of Covid-19.

The moratorium will also benefit any personal guarantor in the same situation of vulnerability and in respect of its dwelling too and with the same conditions as the ones set out for the mortgage debtor.

Those considered vulnerable now include self-employed workers, traders, and professionals
Full details here: https://boe.es/boe/dias/2020/03/18/pdfs/BOE-A-2020-3824.pdf