Porto Townhouse for a UK Creative Director Working Remotely
€340,000 · 25 years · Euribor +1.10%. A UK-based creative director had moved to Porto on a long-stay visa with the intention of working remotely for his London agency.
The Client
UK Expats - Primary Residence
The Challenge
A UK-based creative director had moved to Porto on a long-stay visa with the intention of working remotely for his London agency. He needed a Portuguese mortgage but his only income was from his UK limited company, paid as a combination of salary and dividends.
Our Solution
Doulton sourced a Portuguese lender willing to assess self-employed/director income from a UK company. Two years of UK company accounts and personal tax returns were translated and submitted. The application was approved on the strength of the consistent income history.
The Outcome
Townhouse in Porto's Bonfim neighbourhood purchased. Client now permanently based in Portugal on a D8 remote worker visa. Portuguese mortgage payments made in euros from a local account. Key highlights: UK limited company income (salary + dividends) accepted; Accounts translated and submitted in Portuguese format; D8 remote worker visa status supported application.