Four checks, in order
A project reaches investors only after it passes all four. Projects still being checked are labelled, and can't take commitments.
- 1
Legal
- Title and survey searched at the land registry
- Consent, C of O or excision confirmed
- Developer and landowner agreements reviewed
- 2
Financial
- Cost plan tested by an independent quantity surveyor
- Developer's funding and past projects verified
- Project bank account and payment controls set up
- 3
Technical
- Drawings and building approvals checked
- Soil test and structural design reviewed
- Contractor capacity and schedule assessed
- 4
Commercial
- Demand and pricing compared with nearby sales
- Exit route defined: sale, rent or pre-sale
- Rights of each slot written into the agreement
After the checks
- Project accounts
- Each project has its own account. Money is released to the developer against verified milestones, not in one sum.
- Named professionals
- A quantity surveyor and structural engineer who are independent of the developer sign off costs and design.
- Progress you can see
- Dated site photos and milestone reports at least monthly while a project is under construction.
- A full audit trail
- Every signature, payment confirmation and status change is recorded with who made it and when.