October is the month of seasonal changes and it is also the month of spooky symbols meant to bring more delight than fright for the young and old alike. However, this October some are feeling more of the fright and worry. Homeowners and hopeful home buyers are being injected with more and more warnings of an increase in the Bank of England’s standard base rate. That will mean an end to the historically low interest rates that have become the norm since early 2009.

Experts see perhaps no other outcome than an increase in the rate by the end of the year and with holidays injected into the calendar and busier schedules upon the masses, the rush to remortgage or purchase a home could be more stressful. The time process itself is longer than in years past and waiting until the Bank takes action could put either a homeowner or home buyer in a narrow time period to grab a low interest rate before the best deals disappear.

The best way to ward off the fears is to start early and take action or be ready to take advantage of last minute opportunities. Shopping around online is one way to gain ground against time. There are lenders and brokers that offer quick quotes to homeowners and home buyers. In a matter of a few minutes opportunities to compare and save are offered.

As October comes to a close and Halloween draws closer so will the warnings of the possibility of an interest rate increase at the start of November, the same time that the latest inflation report is released. Rather than get caught up in a real life fright, it could be safer to take action now and jump the rush to remortgage or buy while low interest rates are a plenty. Therefore treats versus tricks are more likely for the homeowners or home buyers that don’t wait.