DPT Monitoring Surveyors has commenced inspection and reporting on its 25th development finance project for Signature Property Finance, which represents over £5.4m in total funds managed to date.
The relationship between the monitoring firm and one of the UK’s leading independent short-term property finance providers commenced in February 2023, since when over 150 site visits and reports have been generated on small, medium and largescale developments.
Inspections have primarily been conducted on refurbishment projects, with some newbuild, on sites across the UK.
Tim Coulston, managing director of DPT Monitoring Surveyors, said: “Relationships, risk mitigation and investment security are the bedrock on which lenders operate, and all these areas come even more to the fore on development projects.
“For us to be able to deliver a market-leading service we have a first-class team, accurate reporting methods and very strict quality control standards, all of which is why Signature Specialist Finance trusts us implicitly with their lending decisions.”
Tony Gilbertson, CEO at Signature Property Finance added: “We pride ourselves on providing our clients with certainty of funding from initial application to first drawdown and throughout the works stages; it is the foundation every successful relationship and short-term loan is based upon.
“To ensure this certainty we require partners who adhere to strict service levels and, in the case of DPT, who will go that extra mile to inspect sites exactly when required and deliver reports that are right first time. Tim and his team have proven to be a fantastic partner.”
DPT Monitoring Surveyors specialise in financial monitoring across the UK on behalf of property lenders, ensuring funds are used correctly, projects are progressing as planned and the provider's financial interests are protected.
The business provides Asset Management, Initial Reports, Progress Reports, Monitoring Reports, Desktop Auditing, Tailored Reports and Report Auditing for new developments and refurbishment projects across residential, semi-commercial, commercial, student accommodation and HMOs.
