Non-residents in Spain and Portugal
Clients taxed outside Spain who buy there. Lending by the Spanish bank of up to 70 % of the lower of purchase price and tasación.
For professionals
Your client is financing in Spain
You advise on tax, law or wealth — and suddenly face the question of whether anyone will finance this case at all. This page answers that without you having to book a first call.
Does referring a client to a mortgage intermediary make me a regulated intermediary?
Yes. Naming the possibility of a contract or simply putting a client in touch with an intermediary makes you a referrer, and that requires no licence of your own under § 34i GewO. A licence only becomes necessary once administrative work is carried out for the borrower — such as helping to assemble the documents or complete the applications. That is exactly the work we take on. You keep the tax and legal side; we deliver the financing and report back on feasibility before your client builds expectations. Your client pays us no fee; our remuneration comes from the intermediation. Our focus is on loans from roughly €300,000 in Spain and Portugal, for clients taxed outside the country of purchase. The line runs where a hint turns into participation. Verifying it for your own profession remains your responsibility — this is a restatement of the applicable distinction, not legal advice.
Which cases we take on
Releasing capital without selling
A paid-off property frees capital without a sale. For non-residents only a fraction of institutions write this business — establishing which ones is our work.
Developer instalments during construction
The developer demands stage payments; the standard bank pays only on completion. Solutions for that gap exist but are rare — and this is the most common reason purchases collapse.
Germany and Spain combined
Spanish bank against the property, German property for the remainder — second charge included. Both sides from one desk, because both permissions are in place.
Typical size: our focus is on loans from roughly €300,000. We do not reject smaller cases as a matter of principle, but the depth of work these files require only pays for both sides above that mark.
Does referring a client make me a regulated intermediary?
This is the first question professionals ask, and rightly so. German law draws the line clearly.
You remain outside the licensing requirement if you name the possibility of a contract or establish the contact. Saying "there is a specialist for that, here is the number" makes you a referrer and requires no permission of your own under § 34i GewO.
A licence becomes necessary once administrative work is carried out for the borrower — such as helping to assemble the documents or complete the applications. That is precisely the work we take on, so that you do not have to.
This is not legal advice but a restatement of the applicable distinction. Where in doubt, verify it for your own profession — the line runs where a hint turns into participation.
- Your client pays us no fee. Our remuneration comes from the intermediation.
- You stay in the case. We do not answer tax or legal questions — we deliver the financing side and tell you where your question arises.
- Feasibility feedback comes back to you quickly, before your client builds expectations.
What we do not do
So that you do not have to guess:
- No fee-based advice. Under § 34i GewO a licensed mortgage intermediary may not simultaneously act as a fee-based mortgage adviser. The two are mutually exclusive.
- No tax or legal advice. That is your field and it stays yours.
- No small loans for renovation or conversion. Those cases belong with a local bank.
- No lender names. Which institution writes a difficult case is our trade secret, including towards partners. What we disclose is the outcome.
Licensing and supervision
What you check before passing on a name:
- § 34i GewO — licence as a mortgage credit intermediary, intermediary register D-W-132-ZUCB-95.
- § 34c GewO — licence for the intermediation of other loans.
- BAFA notification for cross-border activity in Spain; in Portugal through a locally licensed intermediary.
- Professional indemnity cover as required by the ImmVermV.
- Siegfried Perini is entered in the intermediary register as a person directly involved in brokerage and advice — your contact on the ground is registered, not merely a point of contact.
Full details are set out in the legal notice.
Questions professionals ask
How quickly do we know whether the case works?
A reliable assessment follows once we have seen the key figures. Approval ready for signature then follows within up to ten days — the remaining time to completion is set by the NIE, the tasación and the statutory period between the binding offer and the notary appointment, not by the bank.
My client is over 65. Is that an exclusion?
No. The loan normally has to be repaid by the borrower's 75th birthday — but where there are two borrowers, the age of the younger one counts. A child co-signing is enough; their own qualifying income is not required. That extends the possible term considerably.
The client does not want to sell but needs liquidity.
Then lending against the existing property is the route. For non-residents very few institutions write this, as a rule up to half the valuation and with documented use of funds. We tell you in advance whether the property meets the conditions.
Can we speak with the client together?
Gladly. Many cases resolve faster in a three-way conversation, because tax and financing questions are connected — for instance when deciding who should appear as borrower.
Outline the case, get a feasibility answer
Send us the key figures — property, country, size, and your client's age and income situation. You get an assessment before your client builds expectations.
Discuss a caseOne-page profile as PDF (German) →
No form, direct download — made to be forwarded to clients or colleagues.
Related: the four structures · Process and lead times · Market check