Starting a property sourcing or deal packaging business can be a rewarding venture, but it comes with essential compliance requirements and strategic decisions. To help you build a strong foundation and operate professionally, we’ve hosted a comprehensive webinar that covers every aspect of setting up your business. We’ve now summarised key insights and included edited video highlights for easy navigation.
Whether you’re planning to establish your sourcing business or ensure compliance in an existing one, this guide will walk you through the critical steps. Explore expert advice on everything from deal packaging to compliance with HMRC, ICO, The Property Ombudsman, Property Redress, and more.
Video 1: Introduction to Property Sourcing Setup
Learn what property sourcing entails and how to create a compliant and professional business. Discover why compliance is an integral part of setting up your business and the potential benefits of establishing credibility in the market.
Video 2: Key Steps for Building a Complaint Property Sourcing Business
Explore the practical steps involved in building your business, from deal sourcing strategies to ensuring proper documentation. Gain insights into maintaining a professional and compliant process that builds trust with both investors and regulators.
Video 3: Cost of Setting Up and Running Your Business
What does it cost to start a property sourcing business? This video breaks down the key financial considerations, including registration fees, PI insurance, and ongoing compliance costs. Budget wisely and prepare for every step.
Video 4: NAPSA Membership Benefits for Property Sourcers
Membership with NAPSA provides exclusive benefits, including compliance support, investor visibility, and training resources. Learn how our network helps growing businesses achieve professional credibility and meet industry standards.
Video 5: Avoiding Common Mistakes
Starting a business comes with a learning curve, but you can avoid major pitfalls by following our expert advice. This video outlines the most common mistakes sourcers make and provides tips for steering clear of them to ensure smooth operations.
Video 6: Compliance Checklists and Resources
Discover the necessary compliance steps to meet industry regulations. From aligning with redress schemes, to registering with HMRC, this video offers a clear path forward with actionable resources.
Video 7: Q&A
Webinar attendees ask the questions – from SIC codes, when and how to update Companies House, through to budgeting for compliance. Our CEO, Tina Walsh, covers them all in this video.
Compliance is Crucial For Property Sourcers
Operating a compliant property sourcing business is not optional; it’s a legal requirement. Working with regulatory bodies such as the Property Ombudsman and registering with HMRC ensures that you meet industry standards, avoid penalties, and build trust with your clients.
Start Here For Free: Download our New Sourcing Set Up Guide
We’ve created this short digital guide so that agents can download and review more closely the costs, misconceptions, and of course pitfalls to avoid. The free guide also includes a copy of our Compliance Checklist – which works to the current national minimum standards.
