Communities Secretary Sajid Javid wants to end 'exploitative and unfair' leaseholds on new-build houses

The video discusses the challenges faced by homeowners like Claire Scott who bought leasehold properties, where they own the house but not the land. The lease terms often include clauses that can lead to significant financial burdens, such as doubling ground rent every ten years. The video highlights the need for potential legal reforms to protect homeowners and criticizes developers for exploiting these terms. It also provides statistics on the prevalence of leasehold properties in England and offers advice for potential buyers to scrutinize contracts carefully.

What issues did Claire Scott and her family face with their leasehold property?

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How does the leasehold system affect the financial responsibilities of homeowners?

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What is the significance of the small print in leasehold contracts?

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What changes are being proposed regarding leasehold properties?

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What actions does the speaker believe the government should take regarding leasehold properties?

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