Bank of Spain publishes reference indices to calculate compensation in early mortgage cancellations
13 Apr 2026
Effective: 01 Apr 2026
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Who is affected:
Holders of mortgage loans who cancel early and financial entities
Summary
The Bank of Spain updates the reference rates used to calculate how much the bank or customer must pay when canceling a mortgage early. These indices determine the compensation for interest rate risk.
Detailed analysis
PRO
The Bank of Spain publishes quarterly the indices and reference rates necessary to calculate the market value in compensation for interest rate risk in mortgage loans. These values are essential when a customer cancels their mortgage early and the bank may claim compensation if the transaction generates a loss. Spreads…
Full official title
Resolución de 1 de abril de 2026, del Banco de España, por la que se publican los índices y tipos de referencia aplicables para el cálculo del valor de mercado en la compensación por riesgo de tipo de interés de los préstamos hipotecarios, así como para el cálculo del diferencial que se ha de aplicar para la obtención del valor de mercado de los préstamos o créditos que se cancelan anticipadamente.