Bank of Spain's Mortgage Error: Thousands Affected

Bank of Spain's Mortgage Misunderstanding: A Critical Error Revealed Spain - June 10, 2025 - A recent video has brought to light a significant error in the Bank of Spain's understanding of mortgages with increasing installments. The video, created by financial influencer Eli Defferary, points out a confusion between the French amortization method and the system of increasing payments, potentially affecting thousands of Spanish mortgage holders. Defferary's analysis, supported by official documents, reveals a critical flaw in the Bank of Spain's assessment of these mortgages. "The Bank of Spain doesn't understand finance, and I'm showing you the proof," Defferary states in the video. She highlights specific passages in the documents that demonstrate the error. The video's impact is amplified by the significant engagement it has received. With thousands of views and numerous comments, the issue is clearly resonating with the Spanish public. The controversy underscores the importance of clear communication and accurate financial analysis from institutions like the Bank of Spain, ensuring transparency and protecting consumers. This incident serves as a reminder of the need for careful scrutiny of financial documents and the importance of seeking independent advice when dealing with complex mortgage agreements.