Called Rapid Reports, the service operates through virtual or in-person visits, with reports provided within 24 hours of inspection.

This is primarily applicable where the lender has decided the loan amount and developers’ track-record mitigates the requirement for a full initial report.

Following the decision to lend, DPT Monitoring Surveyors will monitor the project in-line with the lenders’ conditions.

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“Historically lenders have required an Initial Due Diligence Report based on a site visit before deciding to lend, but under £500,000 there is a determination from many to get the funds released as quickly as possible,” said Tim Coulston, managing director at DPT Monitoring Surveyors (pictured above).

“This is where Rapid Reports come in, using our extensive market experience and AI we are able to prepare a report covering all major factors in just 24 hours following the inspection, which ultimately allows the loan progression decision to be made with all the same information at hand.”