"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"
- Daniel Owen-Parr - Validate
Validate has launched Progress Reports, a service giving lenders independent oversight of smaller development and refurbishment projects ahead of staged fund releases.
The service targets schemes where a full independent project monitor is not required, responding to lender demand for a more efficient, lower-cost way to track build progress, manage risk, and support staged drawdowns.
Progress Reports provide structured, independent oversight of on-site works, assessing build progress against programme, works completed versus funds released, cost control, and risks to completion.
Validate coordinates site visits and reporting through its internal team, acting as a single point of contact and removing the need for lenders to appoint multiple third-party providers.
Reports are aligned to funding milestones and cover project updates, financial snapshots, confirmation of key inspections, approved changes, and recommendations to keep projects on track. Fixed fees and guaranteed turnaround times give lenders cost certainty and operational efficiency.
The service extends Validate's existing offering, allowing lenders to manage desktop valuations, valuation audits, and progress monitoring for refurbishment and light development schemes through one provider. Consolidating these services reduces supplier numbers, speeds up turnaround times, cuts overall costs, and clarifies accountability from initial valuation through to final drawdown.
"This service has been built directly around what lenders told us they needed," said Daniel Owen-Parr, managing director at Validate (pictured).
"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," he added.
Progress Reports are available immediately to lenders funding refurbishment and development projects across the UK.
