THE MORATORIUM IN THE PAYMENT OF THE MORTGAGES - COVID 19
The Government has approved a decree that contains a moratorium on mortgage payments for people in vulnerable situations, its characteristics are:
1. SITUATION OF VULNERABILITY. In order to qualify for this aid, those affected must justify that the coronavirus has moved them to one of the following situations:
- Loss of work or, in the case of being a self-employed professional, justification for a substantial loss of your income or a notable drop in your company's sales.
- The mortgage payment, plus basic expenses and supplies, must be greater than or equal to 35% of the net income received by all the members of the family unit.
- The effort of the mortgage burden on the family income of those affected has multiplied by at least 1.3 since the spread of the disease.
The total income of the household members does not exceed, in the month prior to the request for the moratorium, the limit of three times the monthly Public Indicator of Multiple Effects Income.
2. ACCREDITATION OF THE SITUATION. The affected, up to 15 days after the end of the effective decree-law, must go to their financial institution and present the corresponding documentation.
- If you have lost your job: Certificate issued by the entity that manages benefits, showing the monthly amount received as unemployment benefits.
- If you have closed your business: Certificate issued by the State Tax Administration Agency or the competent body of the autonomous community, based on the declaration of cessation of activity declared by the interested party.
- Family book or document accrediting a domestic partner, to prove the number of people living in the same house.
- registration certificate and declaration of disability or dependency, to carry out a work activity.
3. EFFECTS OF THE MORATORIUM. The granting of the moratorium entails the suspension of the mortgage debt during the period stipulated for it. Neither will the early maturity clause stated in the mortgage deeds apply.
