Everything You Need to Know to Request a Mortgage Moratorium Between 19 March and 3 May

The Banks must proceed with their implementation within a maximum period of 15 days after the request is made. It can only be requested for primary residences.

hipotecas 948 1
Mortgage borrowers can now ask for a moratorium.

Spaniards with a mortgage who find themselves in a situation of economic vulnerability as a result of the coronavirus may request from today, Thursday, and up to 15 days after the term of the royal decree-law governing extraordinary measures, specifically, 3 May, a moratorium on the repayment of their mortgage for the acquisition of their habitual residence.

That is what has been established in the decree, published on Wednesday in the Official State Gazette (BOE), which sets out that requests for moratoriums on mortgages may be submitted from the day after the legislation enters into force, which means from today, Thursday, given that the legislation came into force yesterday.