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Energy crisis: here are the conditions for obtaining the deferral of payment of your mortgage

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For individuals, it will allow a general deferral of mortgage loan payments under conditions, from October 1, and for companies, it undertakes to “search with them for the most suitable tailor-made solution”, confirms Febelfin on Thursday in a press release. “The freeze on the reimbursement of mortgage costs offered by the banks will offer a real breath of fresh air to those who need it to get through the winter,” said Prime Minister Alexander De Croo. “Being able to count on our banks, as during the Covid period, is extremely valuable in this context.”

“By reacting quickly, we have managed, as a sector, to draw up a set of measures in a very short time and to do everything possible so that they can enter into force from 1 October next”, specifies the president. by Febelfin, Johan Thijs. He calls on “all economic actors in society” to examine “where they could, each in their field, offer some form of support to families and businesses in difficulty and thus work together towards a sustainable future”.

What are the conditions?

Concretely, the deferral of payment of a mortgage implies, for eligible persons, that they will not have to make a capital repayment for 12 months. The interest will not remain against property due. The duration of the credit will then be extended by the deferral period granted. The banks undertake not to charge the usual application or administrative fees.

To be able to benefit from it, the mortgage must have been contracted for the main place of residence of the borrowers in Belgium (at the time of the request for payment deferral), the total of the movable assets on all the accounts (savings, sight and investment portfolio) must not exceed 10,000 euros. The borrower applying for the deferral must not have any payment deferral recorded as of March 1 and must have a repayment plan in progress or requested from their energy supplier.

The payment deferral can be requested during the period from October 1, 2022 to March 31, 2023 inclusive.