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<p>The Department has made £1.6 billion available to support the remediation of unsafe
cladding, and a large proportion of this will protect leaseholders from these costs
and will deal with some of the highest risk and highest cost safety defects on high-rise
buildings.</p><p>To support the valuation process for high-rise residential buildings
with cladding, the Royal Institution of Chartered Surveyors designed the EWS1 process.
The EWS1 process is not a regulatory requirement and the Department does not support
a blanket approach to EWS1. The Department is working with mortgage lenders to support
a more pragmatic approach in their valuation of homes within multi occupancy, multi
storey residential buildings. We are encouraging lenders to accept a broader range
of evidence to assure themselves of a building’s safety.</p>
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