Property Sourcing Costs Guide
If you’re already trained in property deal sourcing, the next step is ensuring your business meets the national minimum compliance standards. Compliance is not just a legal requirement, it’s the foundation of a trustworthy and professional sourcing business.
Why Property Sourcing Compliance Matters
If you are involved in finding or packaging property deals for investors in the UK, you are legally required to be compliant as you fall under the same legislation and regulations as an estate agency business (EAB).
Property Sourcers
Individuals or companies who find and present property investment opportunities to clients.
Deal Packagers
Professionals who structure and sell property deals to an investor network.
Whether you work independently or as part of a small agency, if you handle property or land deals, you must meet all legal requirements.
– BUDGET FOR THE WHOLE PICTURE
What your first year really costs
Realistically, that's what you'll need for your first year all-in: this programme plus your registrations, insurance and redress scheme, paid directly to the bodies concerned. After the initial setup, annual costs drop significantly. We'd rather you knew that now than found out later.
| First-year cost | Paid to | Typical cost | Renews |
|---|---|---|---|
| Complete Sourcing Programme | NAPSA | £998 +VAT | Optional, see below |
| ICO registration (data protection) | ICO | £52 (£47 direct debit) | Annually |
| AML supervision registration | HMRC | £740 (one director/premises) | Annually |
| Professional indemnity insurance | Your insurer | ≈ £150 (varies by business) | Annually |
| Redress scheme membership | TPO or Property Redress | £162 +VAT (starting from) | Annually |
Third-party costs are set by the relevant bodies, vary with your services and number of directors, and can change. Members can get discounted insurance through our partner Insurance-Desk. Important: please do not pay or setup any registrations or insurance, until you have all other compliance in place.
Assess your compliance needs with our free calculator
Complete the short form and get an instant compliance score. Our team will then prepare a plan and steps to get your business meeting the national minimum compliance standards - including costs and timeline.
Take the first steps here to getting your sourcing business on the right side of the law.
Complete today and get a free copy of our Compliance Checklist Guide
Courses & training
Membership & docs
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Call 01200 411 570
Email hello@napsa.org.uk
Part of NAPSA, the UK's National Association for Property Sourcing Agents and Deal Packagers.
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