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Caxton - International Property Purchase - International Payments

Case Study

Maintaining an overseas property: Nick turned to Caxton to manage his regular payments


Every summer, Nick and his wife let out their house in Devon and decamp to a picturesque village on the edge of the Landes forest not far from Biarritz. With bounteous sun, good quality wine and swimming pool in the garden, they’ve spent the last 20 years living the ‘good life’.

That’s not to say their life is not without its complications. Uncertainty around Brexit and the triggering of Article 50 has seen the pound weaken by about 20% against the Euro so when a friend told him that Caxton’s International Payments service would cost a fraction of his high street bank’s equivalent, Nick was eager to investigate.

Every month saw Nick having to transfer funds to cover the cost of house and car insurance, electricity, water, TV and other utilities. Caxton’s market-busting rate and lack of hidden charges began to mitigate the effects of a weaker pound and reduced the impact of spiralling costs.

For Brits living part or all of the year abroad, Brexit is providing an unwelcome complication. But Caxton’s International Payments Service means Nick and his wife can forget about currency exchange and focus on the next challenge: the children and grandchildren that treat their home like a free hotel!

Pamela Louise-Chick

27 April 2021
POST TAGS: Holiday Home  |  International Property  |  Regular Payments
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London, E18FA, UK


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©2023 Caxton Payments Limited is authorised and regulated by the Financial Conduct Authority for FSMA authorised business (FRN: 431844) and for the issuing of electronic money and payment services (FRN: 900663). Registered office: 2 Leman Street, London, E18FA, UK. We are also registered as a data controller with the Information Commissioner’s Office, registration number Z7413780.

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