How to identify hidden fees
In today's digital market, it is very convenient for people to buy products and services, compare prices, and make informed decisions from the comfort of their homes. However, this convenience comes with its own set of risks, including scams and hidden traps that can lead to unexpected costs. One of the most common pitfalls in the market is hidden fees or “drip pricing”. Whether you're shopping online, renting a home, or booking a service, these sneaky charges can quickly add up, turning what seemed like a good deal into an expensive mistake. Fortunately, recent legislation and increased awareness are helping consumers fight back. This blog post will help you understand these hidden fees and explain how the Tenant Fees Act 2019 protect renters, ensuring a more transparent and fair rental experience.
What are hidden fees?
Hidden fees are additional and unavoidable charges that are not disclosed upfront but appear later in the checkout process such as booking fees and admin fees. This has cost consumers £2.2 bill each year which occurs the most in the transport and communication sector, followed by hospitality and entertainment industry. As part of the Digital Markets, Competition and Consumer Bill (DMCC), fake reviews and unavoidable hidden fees will be added to a list of banned business practices. Now, mandatory fees must be included in the headline price or in the beginning of the shopping process.
Tenant Fees Act 2019
The Tenant Fees Act 2019 was introduced to protect renters in England from unfair fees and ensure that the rental process is more transparent. This legislation limits the types of fees landlords and letting agents can charge and makes renting more straightforward and affordable.
Key Provisions:
- Banned fees: administration fees, reference fees, credit check fees, guarantor fees, check-out fees, cleaning fees, and other fees related to setting up a tenancy
- Permitted fees: rent, refundable tenancy deposit, refundable holding deposit, payments to change the tenancy, early termination fees
This applies to assured shorthold tenancies, tenancies of student accommodation and licences to occupy housing in the private rented sector in England.
If an agent or landlord tries to charge you an illegal feel, you can report them to London Trading Standards.
Remaining transparent
At GoBritanya, our price is all inclusive, no extra or hidden fees.
- No booking processing fee
- No Admin Fee
- No check-in cleaning fee
- No compulsory products or services
- No compulsory instalment interest fee
- No other extra or hidden fees before, during, or after your stay
Additional Benefits:
- Flexible Payment Plans: GoBritanya offers a default two-instalment payment plan and even provides 1.5% and 2% discount off for instant or single payments.
- All inclusive price: GoBritanya ensures there are no extra fees before, during, or after your stay.
