One of Britain's biggest house builders, Taylor Wimpey, has set aside a £125million fund to repair potentially hazardous cladding in line with new government guidance.
The developer said it would improve 232 apartment buildings constructed in the last 20 years - including those less than 18 metres high.
Many leaseholders have been left unable to sell or mortgage their homes because of safety fears in the wake of the Grenfell tragedy.
Last month, the government introduced a £3.5billion bailout package for homeowners in potentially unsafe housing, more than three years after 72 lives were claimed in North Kensington.
Taylor Wimpey chief executive Pete Redfern said: "We have taken this decision in order to provide certainty for customers and leaseholders and to avoid them bearing the cost of investment to ensure their buildings are safe."
© PAThe developer said it would improve 232 apartment buildings constructed in the last 20 years - including those less than 18 metres high
Rival developer Persimmon has also announced a £75million provision to help fix buildings.
Video: Andy Burnham urges Government to solve issues with self isolation pay ahead of Budget announcement (PA Media)
Andy Burnham urges Government to solve issues with self isolation pay ahead of Budget announcement
![UP NEXT]()
UP NEXT
The government said it would guarantee no private leaseholders pay for cladding removal or remediation in buildings in England.
However, only buildings of 18 metres and higher would be covered by the support package.
Taylor Wimpey said its fund would include apartment buildings below 18 metres.
It said it would pay for and oversee improvement works of flat blocks it owns, regardless of whether they are eligible for the government fund "to make them safe and mortgageable" by meeting the latest regulatory standards.
If Taylor Wimpey no longer owns the building and it is not eligible for the government cash, it will contribute to "fair and proportionate" improvement work, it said.
"Many leaseholders have been left with unreasonably large bills to ensure their properties are safe and in line with post-Grenfell safety standards," the company said.
Builders such as Taylor Wimpey stand to benefit from this week's Budget.
The Chancellor is expected to announce an extension of the stamp duty holiday and new 95% mortgage promise.