Teaching You How to Source is Easy. Understanding Compliance is What Will Really Put You Ahead.
Our fully online course will provide you will all of the knowledge you need to run a professional and successful sourcing business.
Compliance doesn't need to be complicated and we've broken everything down into bitesize modules taking you through the sourcing process step-by-step with expert video training.
Let's Start My Business TodayWhat's Included in Our Complete Sourcing Programme?
We've created an easy, cost-effective process for learning and setting up your property sourcer or deal packaging business
Introduction to Sourcing
Understand the role of a sourcing agent, the costs, time commitments and regulations that govern your business.
Data Protection Training
Our course is short, to the point and unlike many others out there, it's tailored specifically for your sourcing business.
Custom Certificate provided on completion
Anti-Money Laundering Training
HMRC are fining agents for not understand AML policies. Make sure your business doesn't fall foul of their fines with our unique online course.
Custom Certificate provided on completion
Day to Day Sourcing
From marketing your business, onboarding an investor, securing a seller, through to completing a deal. What order do you share documents, complete AML procedures.
What questions should you be asking your investors? This course will teach you it all and more.
Legally Required Documents
Worth more than £5k alone! We have spent 12+ years' refining these documents to be the best in the sector.
We know this as we moderate documents through the National Association from many different providers.
You won't find NDAs on our course. Our Terms of Business template will protect your business and make sure you get paid!
NAPSA Membership
The National Association is the only place you can receive 1:1 support to review all of your compliance and make sure you're operating as you should be.
Plus advertise your business to searching investors at no additional cost (think Trust a Trader!).
We've included this in the course, so that you don't feel left alone, not knowing what to do next. We support and guide you to make sure everything you've learned and set up works to create a successful business for you (worth £234)
We Don't Include Insurance and Registrations...Why?
Having these 'done for you' as part of a package sounds ideal. However, it could well come at a hefty price in the long run...
Why We Don't Include Insurance and Registrations.
It might seem easier having someone else complete your insurance and registrations for you - we know how complicated it can be - however we've had many examples recently where people enquired with NAPSA and discovered that the cover wasn't as promised despite spending a significant amount of money.
If you've signed up to one of these 'packages' there is a strong possibility your business isn't approriately covered, putting you at risk of an immediate fine from HMRC - ranging from £1,400 to £23,400 (latest issued fines for sourcing agents) + additional costs to set it right.
Take control of your business and understand exactly what you're registering for.
If you're at all worried, please contact the NAPSA team at [email protected]
Learn MoreWhat You Should Expect to Pay
These are estimations based on latest figures and stats, however provides a general ballpark of £800 - £1000 for insurance and registrations. These may be different depending on your size of business and sourcing services.
Insurance
As part of NAPSA Membership (first year included in the Programme), you can get access to up to 20% discount from Insurance-Desk.
They understand the sourcing sector and will provide you with expert advise and a bespoke policy for your business.
Allocate approx. £300-£325
HMRC Registration
Absolutely critical. Last year, 35 sourcing businesses were fined a combined £150k for failing to register on time.
Make sure you have everything else ticked off on the compliance list BEFORE registering.
Initial Set Up will cost £340 (1 person / 1 premises)
ICO Registration
Covers your Data Protection Supervision and a legal requirement for any sourcing business.
Please make sure you have completed adequate Data Protection Training before registering.
Cost: £40
Property Redress Registration
There is a choice between two government approved redress schemes.
The Property Ombudsman (TPO) and The Property Redress Scheme (the PRS)
It's up to you on preference - we work with both through NAPSA.
Cost ranges between £145 - £332 +VAT
"Thank you so much for setting up this essential course for Deal Sourcing"
Michelle Houldershaw
"This has been a real eye-opener on what it really takes to be a Sourcing Agent."
Daniel Hopgood
Learn From Industry Experts
We Wrote the Code of Practice For the Sourcing Sector, approved and followed by both Property Redress Schemes
Through the National Association - NAPSA - Tina Walsh and the team wrote the Code of Practice that defines compliance for our sector.
With 12 years+ sourcing experience, direct communication with HMRC's AML Team, NTSLEAT (Trading Standards), and working in direct partnership with both property redress schemes, Tina and the Team are the first and best in the know of any legislation changes to keep your business covered.
We can advise you honestly and confidently on how you can protect your sourcing business.
Get Started Today
How Much Does it Cost to Set Up a Compliant Sourcing Business?
Based on legally required and essential training, documents, registrations and insurance we would say:
Approx. £2,300
We can't guarantee what the cost will be as insurance and registrations vary dependent on your business size and services.
However, please make sure you can afford to do everything before you start, otherwise you'll just end up wasting your hard-earned cash.
More on CostsAre You Serious About Sourcing?
We are not about rushing sourcers through the door in mass numbers, there are plenty of other providers doing this.
Instead, we want to work with people who looking to build professional and long lasting businesses and make a difference.
In return, we will share our expert knowledge, guide you through set up, and provide 1:1 support - all so you can feel confident in the business you'll be running.
Yes I'm Serious - Let's Go
What Our Customers Are Saying
We love getting feedback, especially when sourcers have found our training supportive for their business
"Really useful and knowledgeable info gained. If you're aiming for Gold Standard, this is the course for you. See you next year for my update."
Steven Waweru
Data Protection & AML
"The sourcing compliance course was great! Really helpful in outlining and understanding your responsibilities as a sourcing agent.
Would definitely recommend."
Richard Bagguly
Legally Required Documents
"Tina, your approach is just unbelievable...I agree with it 100% and am so thankful to have purchased this course because of this approach you have."
Dorothy Nyarai Chakani
Day to Day Compliance
"Tina's knowledge is priceless. Her courses are affordable and provide unbelievable quality."
Conor Burchall
Data Protection & AML
"Wow, what great information and so pleased to have completed this to stay up to date with requirements to be fully compliant."
Michelle Houldershaw
Data Protection & AML
"As always fabulous and relevant content, delivered in the most professional manner. Tina really is "The only Sheriff in town" certainly in compliance and the property sourcing space."
Alan Clark
Legally Required Documents
Sarah, Your Support Contact is Ready to Help
Not sure if this is for you or where to start? Get in touch and we'll be able to provide you with more guidance specific to you
Let us know where you need help
Complete the questions below and we'll come back to you!
Please note, we may require up to 2 working days to respond depending on your query
Our Partner: The National Association for Professional Sourcing Agents
The National Association of Professional Sourcing Agents (NAPSA) provides Sourcing Agents across the UK with support, guidance and access to heavily discounted training. The unique search tool allows investors to to find and contact compliant and approved Sourcers - the only platform in the UK to do this.
As Members, you'll have access to the NAPSA marketing platform with your own bespoke company profile and 1:1 support. A great platform for starting your new business!
For more information about NAPSA visit: www.napsa.org.uk
Check Out NAPSAFrequently Asked Questions
After over 1,000 calls with property sourcers, deal packagers and investors we have been asked similar questions over the years which we've tried to cover below
Are there any extra costs involved in addition to this course?
Will this course give me everything I need to set up my business?
What documents are included?
How does NAPSA Membership work?
What if I've already registered with HMRC?
I've had a letter from HMRC - what should I do next?
Why do we get 12 months access?
Address
Professional Sourcing Compliance Ltd
Registered Company No: 12828156
Registered Address: 22-28 Willow St, Accrington, Lancashire BB5 1LP
Registered: ICO (Data Protection) - ZA787506