Understand the measures of the new mortgage code of good practice

In 2012, banks approved a series of measures to protect vulnerable families struggling to pay their mortgages. In late 2023, through dialogue with the Government, this mortgage code of good practice was reinforced. Additionally, a new 24-month code was introduced for families experiencing temporary liquidity issues due to the rapid increase in official interest rates set by the ECB to combat inflation. Our spokesperson, José Luis Martínez, explains in this video the relief measures contained in the new code for families whose annual income is below 37,800 euros.