23/09/2026
Are you working with a fully compliant property sourcer??????
Property sourcing is a strictly regulated industry in the UK. Working with an uncompliant sourcer doesn't just risk your deal, it puts your capital at risk too.
Before signing a fee agreement or transferring funds, make sure your sourcing partner checks off these four non negotiable legal requirements:
1️⃣ Anti-Money Laundering (AML / KYC) — Registered with HMRC for supervision.
2️⃣ Redress Scheme Membership — Member of The Property Ombudsman (TPO) or Property Redress Scheme (PRS).
3️⃣ Data Protection — Active ICO Registration to protect your personal & financial data.
4️⃣ Professional Indemnity Insurance (PII) — Adequate insurance coverage to safeguard transactions.
Crucial Reminder, These exact same compliance standards apply to co-sourcers as well. If a sourcer brings in a JV partner to source a deal, both parties must meet legal requirements.
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