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The Government plans to extend the moratorium on mortgage payments to three months for citizens in vulnerable situations affected by the coronavirus crisis, compared to the month it was considering so far. This is one of the measures included in the new aid plan against the pandemic that the Council of Ministers has studied on Tuesday.
According to the draft to which this newspaper has had access, "the suspension period is extended to 3 months and technical adjustments are made to facilitate the application of the moratorium on mortgage debt for the acquisition of habitual residence introduced by Royal Decree-Law 8 / 2020, March 17 ".
Suspended fees should not be settled once the suspension has ended, but all future payments must be postponed for the duration of the suspension.
The measure is part of the new rental support package that the Executive wants to carry out and aims to alleviate the possible effects that the aid that, on the other hand, will be granted to tenants in difficulties, may have on the owners.
But in addition, the Executive extends that moratorium beyond housing loans and will apply it equally to non-mortgage loans, including consumer loans that keep people in a situation of economic vulnerability.
In order to make both moratoriums compatible, the Government will establish that entities do not take into account the application of a possible mortgage or rental moratorium in order to calculate whether or not the limit of the mortgage burden or rental income of 35% of income. This is to guarantee the equitable treatment of creditors and lessors, that is, that the mortgage or rent moratorium does not indirectly benefit, for example, creditors for consumer credit
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