Compliance Vault

Property Sourcing Compliance Simplified

Your All-in-One Solution for Property Sourcing

Save time and money with our comprehensive Compliance Vault, including registration, tailored insurance, and all necessary documents

Sourcing Investments Property Marketplace
Brunel Insurance

The maze of property sourcing compliance can be overwhelming and costly. Traditional methods can drain over 200 hours and more than £2000 annually. At Sourcing Investments, we’ve simplified compliance with our all-in-one Compliance Vault, saving you time and money while ensuring comprehensive protection.

Who Requires Property Sourcing Compliance?

If you sell, package or broker property deals for a fee then you need to get property sourcing compliant. 

Property Sourcing compliance for Agents

A Sourcing Agent

You source properties  for investors or package deals to market. This allows you to focus on income generation.

Property Sourcing Compliance for Estate Agents and Letting Agents

An Agency

Estate or Lettings Agents must be fully compliant to operate legally and satify the Estate Agency Regulations.

Property Sourcing Compliance for Investors

A Property Investor

You want to sell on properties you do not own to other property investors. Perfect when you find a deal you can’t take on.

“I recommend 100%… It’s a lot riskier and more time-consuming doing this yourself. The team has put a lot of energy into creating a great product here to really benefit the sourcing community and put you ahead of the competition. This alone will set you apart from the herd!”Sean Isherwood – Goldwood Property

Comprehensive Compliance Management

Our Compliance Vault is designed to cover all aspects of property sourcing compliance.

PRS, AML & ICO Registration

As part of the Compliance Vault you will be registered for PRS, ICO and AML. No waiting, no queues.  Get compliant fast. 

Tailored Insurance Policies

Our industry-leading comprehensive insurance covers all property sourcing activities including joint ventures. Everything you need to protect you and your business.

Automatic Legal & Regulation Updates

Our system keeps your documents, terms and compliance up-to-date with the latest regulations, reducing the need for constant manual updates.

Real Stories, Real Risks: Learn From Others’ Mistakes

Imagine securing a lucrative land deal for a billion-pound company, only to be denied your rightful fees. This nightmare happened to an agent who, without proper compliance and contractual safeguards, had to accept a lower payment than agreed. It’s a harsh reminder of why having robust compliance and procedures is vital. With Compliance Vault, you’re not just investing in a service; you’re investing in your peace of mind. Plus, our Client Bank Account service ensures your fees are protected and contracts honoured.

Here’s another sobering story: An agent, after passing all necessary KYC and AML checks, introduced a buyer to a landowner. The buyer’s unforeseen delayed purchase agreement left the agent unpaid for five years, a delay that eventually cost them their business. This highlights the importance of comprehensive Terms & Conditions. Compliance Vault not only fortifies your T&Cs but, together with our Client Bank Account, offers an additional layer of security for your transactions.

How much does it cost to get Compliant?

Expect to pay more than £2,210 per year plus 200 hours of work to manage your compliance or…

With the Property Sourcing Compliance Vault by Sourcing Investments, you could save over £700 per year on compliance, plus you get the Agent Pro Property Listings package INCLUDED in the price (£600).

That’s a saving of more than £1,300!

Here’s what it could cost to go it alone…

ASSOCIATION REQUIREMENTS PRICE VAULT

•HMRC Registration for Anti Money Laundering (AML) Certification (Currently a 3-month wait)

 

• Update of any AML Policy and Procedure documentation to reflect any legislation changes by HMRC or UK Government

£320

• ICO Registration with Information Commissioner's Office

 

• Internal Training Process and Documents for any persons/contractors or employees

£40

• The Property Ombudsman / Property Redress Scheme: Active Annual membership to one of the property industry regulatory bodies

 

• Complaints Procedure

£250

Brunel Insurance

• Professional Indemnity Insurance designed for Sourcing agents to cover:

 

  • - Planning & Development Agency (no investment advice or guarantees)
  • - Project Co-ordination (no project management)
  • - Feasibility Studies (no project management)
  • - Estate Agency
  • - Lettings Agency
  • - Site Sourcing for Properties / Land
  • - Sourcing Rent to Rent Properties
  • - JVCs (Joint Venture Agreements)

£350+

• Compliance and Anti-Money Laundering Legal Documents

 

• Client onboarding forms and documentations

 

• Documented processes and procedures of how to follow AML protocol

 

• Your own GDPR Policy and Privacy Policy

 

• Your own Terms and Conditions and Legal Contracts for Clients

 

£1,200

• Access to a ring-fenced insurance-backed client bank account to hold your       Sourcing Fees

 

• No more waiting months for a Client Bank Client

£50

£2,210

£1,500

What else is included with Compliance Vault?

When you purchase the industry-leading Compliance Vault you will receive the following:

Full suite of documents for onboarding all client types – Customisable with your own branding

You receive immediate coverage from the only dedicated Agent PI Insurance Policy in the market, which covers you for all agent activities

You will be covered by a complete suite of Compliance Documentation: including Privacy Policy and AML Policy

We have done the hard work, so you will be covered under HMRC, PRS and ICO at the click of a button!

All your documentation is held securely in our compliance vault so you can relax and concentrate on finding more properties

All Legislative updates will be done for you – so you never need to worry. We will continue to review any changes in HMRC or UK Government Policy

Plus - You Get So Much More!

Compliance Vault Agents get FULL ACCESS to the Marketplace Platform and our Global Investors

Winner Best Online Property Marketplace 2023 Sourcing Investments
Investment Property for Sale on the Sourcing Investments Property Marketplace Platform

Opportunity to upload your properties to 1,000 of our Global Investors who are serious and ready to invest

Integrated Client Account (Escrow Service) that protects your Sourcing Fee, R2R deposits and gives you the confidence that you are paid for your work

Secure messaging area for all your property enquiries so you can keep track of all your conversations

You get your very own company URL that will showcase all your listings and allow investors to contact you

Keep up your communication in one place with our Whatsapp feature 

We have our very own Sourcer support team who can support you every step of your onboarding journey and after care

Ready to Secure Your Property Sourcing Future?

Don’t let compliance be an afterthought. With Compliance Vault, safeguard your business, protect your earnings, and operate with confidence.

Easy Payment Options

Pay In Full

Compliance Vault

Pay for your Compliance Vault in full today

Only £1,500 per year saving you upto £1300 & 200+ hours of work!

Pay Monthly

Premium Credit - Spread your property sourcing compliance payments

12 months Interest Free Credit with Premium Credit

Just £125 per month. Click the button below and buy package, then select premuim credit to complete their application & then place order.

Still Undecided?

If you have any questions, need advice or would like a demo on the Compliance Vault then please complete the form below with your best available days and times to talk.

A member of our team will get in touch.

FAQs

Is Compliance Vault available as a monthly subscription?

Compliance Vault is an annual Subscription but can be paid monthly. The insurance and regulatory bodies are yearly and we purchase these on your behalf.  However we have different payment options available for payment in full or a monthly finance option with our partner Premium Credit.

How quickly can I get set up on your platform?

You can register as an agent in under 2 minutes on our platform.  We’ll send you the next steps by email showing you the options for purchasing the Compliance Vault package which includes the Agent Pro package for FREE. 

How soon can I advertise my deals?

Once you’ve registered and paid for either the platform or Compliance Vault you can start uploading properties.  However, the listings will only be approved once we have confirmation you are fully compliant.  This protects you and our investors.  Please note Compliance Vault has a 14-day cooling-off period so you will not be compliant or able to post your properties until after this has passed.

What information do you need from me to sign up as an Agent?

When you register as an agent on the platform, we will ask you to complete an agent profile form.  This form gives us all the information we need about you and your business including a request to upload proof of ID.  If you have your own compliance then we will need proof of your certificates, compliance policy and registration numbers. 

I've registered and updated my profile - what's next? 

Excellent.  Welcome to the Sourcing Investments Marketplace! 

Now you just need to go to My Account and select which package works for you.  You can choose Platform Only if you are already a compliant agent or will be handling your own compliance (proof will need to be provided).  If you need Compliance, then Choose Compliance Vault and we’ll take care of everything. 

If you’re a new agent and would like sourcer training we can recommend the Daniel Latto Property Sourcing Training Video Course for just £27.   

Once you’ve paid, our team will get in touch with all the next steps and you’ll also get access to members only resources. 

So when I join, does SI do everything for me?

Almost everything.  We’ll need you to provide us with details about your business and compliance.  And if you join the Compliance Vault you will be required to submit a quarterly report to maintain your insurance.  Don’t worry we send reminders and it’s a simple form to complete. 

AML checks, are they included in the package?

The price of client AML checks is not included in the Compliance Vault package. 

We recommend using Veriphy where a standard AML check is currently £6.  They also offer a whole host of other checks, such as verifying overseas investors. 

If I purchase the Compliance Vault, can I work with my own clients off the platform?

Yes, absolutely.  Once you are confirmed as a compliant agent you are free to work with clients on or off the Sourcing Investments Platform.  However, to protect you and the investors we highly recommend using the Sourcing Investments Secure Client Bank Account for Sourcing Fees. The added bonus is you can avoid the pain of trying to set up a client account with your bank which can takes months and may never be approved. 

Do I need my own Client Bank Account?

In short, YES.  It is a legal requirement that you have a secure and separate client holding bank account to deal with investors depositing sourcing fees and/or staged project renovation payments.  However, over the last few years it has become increasingly difficult to set these accounts up.  The average time is 3 months and we’ve seen them declined. This is why we have an insurance backed, ring fenced Secure Client Bank Account (that’s a mouthful) which holds funds in escrow to protect you and the investor.

We highly recommend using the Sourcing Investments Secure Client Bank Account for Sourcing Fees and/or Project Renovation payments. The added bonus is you can avoid the pain of trying to set up a client account with your bank.  We have a flat fee structure of 18% service charge and there are no hidden fees or charges.  Plus you have the bonus of the team being on hand to help if anything goes wrong. 

I'm not going to take upfront payments from my Clients so why do I need a Client Account?

It is a legal requirement that all agents use a client bank account regardless of whether they are taking upfront payments or not. Agents must NOT use a personal or business account for sourcing fees or staged renovation payments.  All investor transactions and funds must be held in a client bank account.  This can be done through your bank of choice or you can use the Sourcing Investments Secure Client Bank Account. 

In short, YES.  It is a legal requirement that you have a secure client bank account to deal with investors depositing sourcing fees and/or staged project renovation payments.  However, over the last few years it has become increasingly difficult to set these account up.  The average time is 3 months and we’ve seen them declined. This is why we have an insurance backed, ring fenced Secure Client Bank Account (that’s a mouthful) which holds funds in escrow to protect you and the investor. We highly recommend using the Sourcing Investments Secure Client Bank Account for Sourcing Fees and/or Project Renovation payments. The added bonus is you can avoid the pain of trying to set up a client account with your bank.  We have a flat fee structure of 18% and there are no hidden fees or charges.  Plus you have the bonus of the team being on hand to help if anything goes wrong. 

Our Client Account includes a standard legal contract for all transactions, which outlines the steps to be taken in the event of a dispute, ensuring legal clarity and protection for your investment.

Is the finance option expensive?

No, we partner with Premium Credit to provide 0% finance over 12 months. 

Once your application is accepted you can access your premium credit account via the agent or compliance dashboard. (See the main menu on our website homepage).

Do I really need insurance to be a sourcing agent?

In short, YES.  You are operating in a sector that can involve large sums of money, can be the target of those looking to launder money and where mistakes can be expensive.  Imagine driving without car insurance and having an accident or being burgled and having no home insurance.  Without it you are liable.  Insurance protects both you and your investor. 

Does the Compliance Vault cover Project Management?

Unfortunately no.  The Compliance Vault covers Property Sourcing and the the packaging of property deals for sale to an investor as per the conditions laid out under the insurance.  It does not cover project management.  We highly recommend you talk to an insurer to cover the risks associated with project management. Our compliance broker can help if you believe your activities will fall outside of our compliance cover.

So when I use one of your Power Team members, is this included in the price of the Compliance Vault?

No, the Compliance Vault includes everything you need to be compliant as as a Sourcing Agent.  Our Power team members are highly recommended professionals in the property sector than can provide a range of services you or your investor may need.  From Mortgages to FX services. Take a look at our PowerTeam

How does Sourcing Investments protect my personal information?

We use industry-leading security protocols to ensure that all personal and transactional information is kept confidential and secure.

Agent Testimonials

Property Sourcing Compliance Vault
Propertuy Sourcing Compliance Vault
Property Sourcing Compliance Vault

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Sourcing Investments Property Marketplace
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Sourcing Investments Property Marketplace