When there is an area with a large amount of money constantly being pumped in and out of it, be it in business or any other part of life, there are always going to be those people who will look to make a quick buck, be it honestly or dishonestly. This is a sad fact of life, yet it is a naïve and ill-guided person who sees the world through rose-tinted glasses, believing that everyone is as pure and true as they may be and would never dream of committing fraud.

Unfortunately, the conveyancing process is one of those areas, and there are those sharks who are swimming around in the property waters, looking to make an easy profit, with flagrant disregard for the rules or the law. Fortuitously for all those who abide by the rules and wish that others would also, new rules have recently been introduced to prevent these people from having such easy access to our hard-earned cash which will affect everyone from the man on the street through to the conveyancing solicitor right up to the owners multi-level estate agencies.

The new laws are aimed at preventing mortgage lenders falling victim to over-inflated property valuations, a problem that is rife within the country's major cities. They state that developers and builders must reveal if they have offered what is known in the industry as 'buyers incentives', which can be anything from fitted bathrooms, free-plastered kitchens, cash backs or legal fees thrown in gratis.

A Leeds conveyancing solicitor, who works for one of the city's leading law firms states that Leeds has seen a slump in the amount of house-hunters being able to buy new flats, as a result of the money lenders not wanting to become involved with such a deal; this is because of the fraudulent activities that have occurred in the past, causing them to be wary of lending to people wanting to invest in a new, city-centre flat.

He states that many of the Leeds's city centre flats are being left vacant or being undersold, at detriment to the city's economy as they simply cannot find anyone to purchase them for the original asking price.

If you are in the market for a new flat, or even a new house and would like some top quality legal advice on the conveyancing process, then contact a Leeds conveyancing solicitor today and see if you can find the bargain that you desire.