Karis Capital has successfully completed the acquisition of an established regulated financial services business, in a bid to strengthen its existing regulated mortgage offering.
The purchase, which was completed in March 2024 for an undisclosed sum, will provide Karis Capital with enhanced Financial Conduct Authority (FCA) permissions, offering extra protection and security for new and existing clients.
Karis Capital also appointed Francesco Amato as a regulated mortgage advisor.
Amato joined from a large regional mortgage brokerage, with a breadth and depth of industry knowledge to cater to even the most complex residential borrower.
Demetrios Antoniou (pictured), chairman and co-founder of Karis Capital Limited, 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. Overall, it’s a major string to our bow.”
