The lender first instructed the financial risk minimising business in January to deliver due diligence and monitoring reports on a part-complete refurbishment of a detached house.

It has since taken on a further seven projects representing over £2.9m in total managed funds.

These have included the purchase and conversion of three terraced offices into HMO properties and the refurbishment of a residential property into a seven-bed HMO.

The projects have been spread around the Midlands, North East, North West and Yorkshire.

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“As our reputation for accurate, quick reporting grows we are finding ourselves being added to the panels of ever larger lending institutions, and to enter into partnership with Avamore marks another step on the ladder,” said Tim Coulston, managing director at DPT Monitoring Surveyors (pictured above).

“Risk mitigation is a huge area for every lender, no matter their size, and Avamore trusts us to deliver a service on which sound lending decisions can be made, both at the start of the project and throughout a build.”

Ed Blundell, head of underwriting at Avamore Capital, added: “There’s been a strong start to the relationship with clear communication, detailed reporting, and hard work from both sides to ensure there has been alignment with our monitoring and reporting requirements.”