Karis Capital has completed the acquisition of an established regulated financial services business, which will strengthen its existing regulated mortgage offering.

The purchase, which was completed for an undisclosed sum, will provide Karis Capital with enhanced FCA permissions, offering extra protection and security for new and existing clients.

Since launching in 2023, the real estate debt advisory, has closed more than £100m worth of loans, as company focuses on expanding its reach and reinforcing its position within the property finance industry.

Demetrios Antoniou, 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.”