For many commercial or residential property developers, external finance or staged mortgages will be required to complete projects. Monitoring surveys are conducted by building surveyors on behalf of lenders to identify, quantify and mitigate the risks in approving additional finances to the borrower to support their project.

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Successful fund monitoring relies on an expert surveyor taking control of the lender's debt finance, advanced to fund the construction of a property. It is the responsibility of the monitoring firm to review and evaluate risks involved in the financing agreement and provide consultation on how future risks can be avoided.

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You can learn more about this topic on our Monitoring Surveying page here - https://www.sillencehurn.co.uk/38/100/lenders-monitoring-surveying