Build a Compliant and Credible Property Sourcing Business with NAPSA

If you are searching/finding/sourcing properties or land for a buyer (investor), you are classed as a sourcing agent and as such your business or services fall under Estate Agency Services regulations. 

This is the same for deal packagers who may already have a deal and looking to match with an investor. 

Sourcing agents and deal packaging services can come under a range of names, including acquisition, deal sourcing, deal finding, property finder etc. 

Either way, if you are finding a property or 'deal' for an investor, or presenting on to them, you must make sure you have all compliance and knowledge in place.

Before you set up any registrations and insurance for your business, you must complete at the very least Data Protection and Anti-Money Laundering Training (you will be asked when registering with ICO and HMRC that you have completed these). 

Over and above this, we highly recommend training on the sourcing process with compliance in mind, so you understand what you should be doing and when - for your investor, seller and the deal itself. 

Where most agents tend to have gaps is across their documents and contracts. HMRC expect to see certain legally required contracts if they carry out a desktop check. Make sure you have these and understand how to use them before you start operating. 

There are a number of key requirements you must meet, and ideally - to save you time, money and potentially fines - in a certain order. 

These include training, documents, contracts, insurance, and your key registrations. 

We have created a free guide with a compliance checklist you can download from this page: https://education.napsa.org.uk/free-sourcing-resources

It's important to us that all of our members understand their compliance requirements and feel confident in operating their business day to day. 

This is why we offer a variety of support methods, through our professional community - members can ask questions, live webinars with Q&A sessions, to the all important custom audit reports and 1-2-1 focused support. 

All of our members can book direct calls or Zoom meetings to discuss directly with our expert team regarding an area of concern. 

We have gone through documents line-by-line, guided through HMRC registrations, through to role-playing a new investor connection. 

We want our members to become compliant and succeed - we are here to help support you on that journey. 

There are no commitments! You will receive a message 2 weeks before your membership is due for renewal. 

We take no automatic payments - we instead will send you a link to continue your membership for another year.

You will receive guided emails to show you what you have access to immediately (if you have selected a plan with training) and how to register your business with us. 

All plans will provide you with immediate access to our Professional Community for you to connect with our team and other members. 

We want the process of registering to be as smooth as possible, so we're on hand to guide you through every step!

We do not include registrations or insurance as part of our membership plans. We believe that all sourcing agents should take responsibility to register their business and know exactly what they are registering for. 

We do however, provide support if you have questions for each of the registrations - you don't have to do it alone!

We also provide all of our members with the option of up to 20% off insurance through our partner, Insurance-Desk. 

Once your business compliance has been checked and approved, you will receive a searchable business profile you can customise. 

Investors can search for your business through NAPSA's platform (www.napsa.org.uk) through location and strategies. They can contact you directly at no extra cost. 

We do not charge any fees for any communication or deals you complete with any investor. The ONLY fee we take is your NAPSA Membership for each year to continue to be a member.