As the UK’s national association for property sourcing and deal packaging, NAPSA is committed to transparency, professionalism, and supporting both sourcing agents and property investors.
We have listened closely to feedback from within the sector, including recent criticism questioning whether we create our own compliance rules. We value this dialogue and want to provide absolute clarity, addressing any confusion around how our Code of Practice is determined.
Addressing Sector Criticism with Facts
The standards we require from our members are not self-imposed or derived from NAPSA’s own preferences. Every element of our compliance framework is built upon existing UK legislation, regulation and guidance from recognised government and industry bodies. Our purpose as a national association is to help sourcing agents meet legal obligations, not to add unnecessary requirements.
To ensure our Code of Practice reflects true regulatory standards in property sourcing and deal packaging, we have consulted and continue to maintain communication with:
- Both government-approved redress schemes (The Property Ombudsman (TPO) and Property Redress), integral to maintaining compliance and providing a safety net in our sector
- Trading Standards through NTSELAT
- HMRC’s Anti-Money Laundering (AML) Team
These partnerships anchor our standards in law. Our Code of Practice is not a product of self-interpretation, but the result of rigorous verification and ongoing collaboration with the sector’s governing authorities.
Rigorous and Ongoing Collaboration
NAPSA has invested significant time researching, clarifying, and confirming legal requirements with the relevant authorities. We proactively seek guidance and written confirmation when UK property sourcing, deal packaging, or property investing regulations are updated, ensuring that our NAPSA compliance standards for property sourcing are always current and reliable.
Rather than add complexity, our goal is to clarify exactly what national minimum standards mean, presenting them in an accessible and practical format for sourcing agents. We regularly update our guidance so that everyone operating in this sector can have confidence in their compliance and business practices.
Maintaining – Not Exceeding – National Standards
It is important to clarify: NAPSA does not set additional or higher-than-required standards. NAPSA compliance standards for property sourcing are defined solely by existing national minimum legal standards for property sourcing and deal packaging. If an agent falls short of these requirements, they are operating outside the law; it is not a matter of NAPSA’s opinion or preference.
Our comprehensive 25-point compliance check, conducted upon membership and throughout the year, is designed to uphold NAPSA compliance standards for property sourcing. If an agent cannot meet these statutory requirements, it is our responsibility to highlight this – not to penalise unnecessarily, but to protect the integrity of the sector and the interests of property investors.
NAPSA: A Not-for-Profit Mission of Support
As a not-for-profit professional association, our mission is to support and enhance standards across property sourcing and deal packaging in the UK. Income from annual member fees funds robust compliance checks and ongoing support for our members, helping them uphold the compliance standards for property sourcing.
Our platform remains completely free for property investors: we do not take fees on deals or transactions. Our only request to investors is a review, helping us maintain high standards and transparency regarding NAPSA compliance standards for property sourcing.
Commitment to Professionalism and Clarity
Criticism from the sector is valuable; it enables us to clarify our position and continue building trust. We exist to serve both sourcing agents and property investors, never to create confusion or add unnecessary barriers. Our work is supported by official government-approved bodies and aims solely to facilitate safer, more professional, and fully compliant business across the sector.
If you have questions or require reassurance, we invite you to consult the regulatory bodies, redress schemes, or standards authorities we work with. They can confirm that NAPSA compliance standards for property sourcing reflect the current legal requirements – never fabricated or excessive.
By addressing sector feedback head-on, we reaffirm our commitment as the UK’s national association and trustworthy guide for property sourcing, deal packaging, and property investing through clear NAPSA compliance standards for property sourcing.
You can read the full Code of Practice here.
Investors can register for free here and receive a copy of our Investor Guide
Sourcing agents can register for free here to receive a copy of our Compliance Checklist.
