The UK's leading foreign exchange broker has recently introduced a new online payment platform that makes transferring money abroad easier, quicker and more economical than ever before. A boon to foreign homeowners, the service is set to transform the industry as users can transfer small or large sums with a few clicks. Money is transferred via FastPay in a matter of minutes and best of all, is absolutely free to use.

FastPay negates the need for a foreign bank account and can be used to make transfers to both businesses and private individuals. The payment of everyday bills such as overseas mortgages, utilities and property management fees can be handled via the service and incurs no bank transfer fees. Users can access the service day or night, seven days a week.

Foreign homeowners simply need to set up a CaxtonFX account via its website: www.caxtonfx.com. To make a FastPay payment, just follow the simple instructions.

Account holders get bank beating rates of exchange and the service is often faster than a conventional bank transfer. As a leading foreign exchange broker, CaxtonFX makes its money via the spread yet is still able to offer a better rate of exchange than any high street bank. Any sum of £100 and over can be transferred using FastPay in any of 16 major world currencies.

Caxton FX's Managing Director James Hickman says, “We have already seen a number of foreign homeowners take advantage of FastPay. With some high street banks charging as much as £40 each time someone transfers money abroad, foreign homeowners waste hundreds, if not thousands of pounds, a year on international bank transfer fees. It's no wonder that smart homeowners are keen to use the service. The feedback we've had since the launch has been overwhelmingly positive.”

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For more information please contact: Lana Wrightman pr@lanawrightman.com 02085332277 or 07725 95 1310