Karis Capital has acquired the client portfolio of Lemon Tree Financial as the firm looks to expand its mortgage offering and deepen its presence in specialist lending.
The deal brings across a sizeable base of long-standing clients, including property investors, portfolio landlords and borrowers with more complex financial profiles.
In the year to 31 March 2026, the acquired book accounted for £94.7m in lending across 368 mortgage applications for around 250 clients, split between 55% buy-to-let and 45% residential.
The move reflects a wider trend of consolidation within the intermediary market, as firms seek to scale through acquisition while responding to growing demand for more tailored lending solutions.
RELATIONSHIP-LED ADVICE
Founded by Mitul and Geeta Patel, Lemon Tree Financial has operated for more than three decades, building a reputation for relationship-led advice and long-term client retention.
For Karis Capital, the acquisition strengthens its ability to support clients with more complex borrowing needs, particularly across buy-to-let, refinancing and cases involving multiple income streams.
It also broadens the firm’s reach among borrowers increasingly turning to brokers for bespoke structuring and access to a wider range of funding options.
LOYAL CLIENT BASE
Nicholas Christofi (main picture), CEO and Co-Founder of Karis Capital, says: “This acquisition reflects our continued focus on growing our mortgage offering and supporting clients with more varied borrowing needs.
“Over three decades, Lemon Tree has built a loyal client base and a reputation for trusted, personal advice that aligns closely with our approach.
“We’re delighted to be taking on the role of providing Lemon Tree’s clients with specialist mortgage advice and maintaining a very high level of personal service.”
TAILORED LENDING SOLUTIONS
And he adds: “Broadly, we see much more demand for tailored lending solutions particularly among property investors and clients with more non-standard circumstances. The rise in short term interest rates caused by the Gulf crisis adds to the need for specialist advice and brokers that can work across the whole lending market.”
Mitul Patel, Co-Founder of Lemon Tree Financial, adds: “After more than 30 years supporting our clients, it was incredibly important to us to find the right home for them. Karis Capital shares our values around client care, expertise and long-term relationships.”
