Mr Investa, the Salford-based Buy-To-Let property marketplace, has successfully secured £1m SEIS/EIS Approval, marking a significant step as it initiates its seed round. Led by London firm Seed Legals, this development underscores the potential for growth and investor interest in the company.
In light of the current economic climate, the SEIS (Seed Enterprise Investment Scheme) and EIS (Enterprise Investment Scheme) have become attractive options for investors seeking tax relief while investing in high-growth opportunity companies. These schemes offer tax relief between 30% and 50%, which Mr Investa has successfully leveraged, receiving £1m SEIS/EIS Advance Assurance from HMRC. This has made the investment opportunity even more appealing to potential investors.
Ryan Hughes, Managing Director of Mr Investa, stated, “Over the last three years, we have been laying some solid foundations for the business and testing our MVP, and now the time has come to start scaling our operation.” This statement highlights the meticulous planning and groundwork that has gone into preparing Mr Investa for this pivotal moment.
The company’s growth trajectory has been notable, particularly as more landlords seek to dispose of their buy-to-let properties and portfolios nationwide. The evolving landscape of the rental market, influenced by changes in tenancy regulations such as No Fault Evictions and mandated Energy Performance Certificate (EPC) upgrades by 2030, has increased the importance of a dedicated portal for buying and selling buy-to-let properties. Hughes emphasized the necessity of transparency in the sector, which has allowed Mr Investa to thrive by providing detailed insights into property conditions through 3D mapping and offering full financial performance data. This approach enables users to make informed decisions from the comfort of their own homes or while on the go.
The market for professional asset disposal and portfolio rotation has seen significant activity, with more than 25,000 units sold last year alone in the buy-to-let sector. This number is expected to rise, further underscoring the demand for Mr Investa’s services. The company also pointed out the critical role private landlords play in the property sector. Without an efficient way for these landlords to dispose of their properties, the housing crisis could worsen, particularly affecting tenants who rely on staying in their rented homes.
Mr Investa’s recent £1m SEIS/EIS Approval and the commencement of its seed round mark a pivotal development for the company. This move not only highlights the growing demand for transparent and efficient buy-to-let property marketplaces but also reinforces the critical role such platforms play in supporting landlords and addressing the housing crisis.
