DPT Monitoring Surveyors has begun work on its 25th development finance project for Signature Property Finance, taking the total value of funds monitored on the lender’s behalf to more than £5.4m.

The partnership between the two firms began in February 2023 and has since seen DPT complete more than 150 site visits and reports on projects ranging from small refurbishments to large-scale developments across the UK.

While most inspections have focused on refurbishment schemes, some have been for new-build projects.

DPT Monitoring Surveyors specialises in financial monitoring for property lenders, ensuring that funds are deployed as intended, projects progress to plan and lenders’ financial interests are safeguarded.

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, chief executive 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.”