Karis Capital acquires regulated financial services firm

Karis Capital has acquired an unnamed regulated financial services business as part of a move to strengthen its existing mortgage offering.

The purchase, for an undisclosed sum, will provide the real estate debt advisory firm with enhanced FCA permissions and allow the firm to offer extra protection and security for new and existing clients.

Since launching last year and having already closed more than £100m worth of loans, Karis Capital suggested it is now focused on “expanding its reach”.

As part of a move to further enhance its new offering, Karis Capital has also appointed Francesco Amato as a regulated mortgage adviser.

Chairman and co-founder of Karis Capital, Demetrios Antoniou, said: “The acquisition of this well-established firm is a significant boost to our current growth and is an important step in our long-term ambition to become the UK’s leading real estate debt and insurance advisory firm.

“We are looking forward to working with buyers purchasing a new home that might not be able to secure a standard residential mortgage with the mainstream banks, such as international high net worth individuals or those with complex or sporadic income streams.

“This is also a useful tool for our extensive base of developer clients, as we can now handle the residential mortgages for their buyers at the exit stage of a scheme, as well as investor led acquisitions.”

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