Can’t Pay Your Mortgage in Spain: Euribor 2026 and Your Rights Under the Código de Buenas Prácticas

Euribor 12M ≈ 2.80% in June 2026 — variable mortgage payments rose 35–60% compared to 2020–2021.

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Key facts and steps

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Your rights under the Código de Buenas Prácticas (RDL 6/2012):

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For ‘vulnerable’ debtor status

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• Temporary payment moratorium

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• Grace period of up to 12 months (interest only)

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• Reduced rate during the grace period

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Challenge penalty clauses

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The court can declare abusive penalty interest clauses void.

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Suspension of foreclosure proceedings

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Art. 695 LEC — the court CAN suspend enforcement proceedings while negotiations are ongoing.