Validate has announced the launch of Progress Reports, a new service designed to give lenders clear, independent insight into smaller development and refurbishment projects before releasing staged funds.
Created specifically for schemes where a full Independent Project Monitor is not required, Progress Reports respond directly to lender demand for a more efficient, cost-effective way to monitor build progress, control risk, and support staged drawdowns.
The new service provides lenders with structured, independent oversight of works on site, assessing build progress against programme, works completed versus funds released, cost control, and risks to project completion.
Validate acts as a single point of contact, coordinating site visits and reporting through its internal team, removing the need for lenders to appoint multiple third-party providers.
Progress Reports deliver clear, practical reports aligned to funding milestones, including project updates, financial snapshots, confirmation of key inspections, approved changes, and recommendations to keep projects on track. Guaranteed fees and turnaround times provide lenders with cost certainty and operational efficiency.
Progress Reports expand Validate’s existing offering, allowing lenders to manage desktop valuations, valuation audits, and progress monitoring for refurbishment and light development schemes through a single trusted partner.
By consolidating services under one roof, lenders benefit from fewer suppliers, faster turnaround times, lower overall costs, and clearer accountability—from initial valuation through to final drawdown.
Commenting on the launch, Daniel Owen-Parr, Managing Director at Validate, said:
“This service has been built directly around what lenders told us they needed. Many of our clients were funding refurbishment and light development projects and wanted a level of independent progress oversight that sat between desktop checks and a full Independent Project Monitor.”
“Rather than pushing lenders towards additional providers or higher-cost solutions that weren’t always proportionate, we designed Progress Reports to deliver the reassurance they need—quickly, consistently, and at a sensible cost. It’s a practical response to a very real gap in the market.”
The service is available immediately to lenders funding refurbishment and development projects across the UK.
