Main residence

The family’s main residence is so important that it deserves special protection.

To apply the measures envisaged in the Code of Good Practice, the mortgage collateral must be the main residence of the borrower experiencing financial hardship.

The same applies to sureties and guarantors as regards their main residence.

The measures envisaged in the Code shall not apply where the mortgage collateral is the debtor’s second home or a business or other premises.

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