Decree-Law 80-A/2022, of 25 November was published, setting forth an extraordinary regime intended to mitigate the effects arising from the increase in the benchmarks of mortgage loans for the purchase or construction of permanent owner-occupied housing, with an outstanding amount equal to or less than €300,000.
This exceptional regime takes effect between 26 November 2022 and 31 December 2023, and the institutions covered by it must monitor the evolution of their borrowers' financial capacity, especially the signs of a significant worsening in the effort rate or the verification of a significant effort rate for the borrower.
Decree-Law 80-A/2022 is available here.
