Owning your own home

My crystal ball says not a lot, well I'm massively speculating but it goes as follows. (I'm kinda in the same boat with my mortgage up next august so hoping it works out. I did look into paying my ERC and shifting my mortgage to a better rate a few months back but didn't work out financially viable.)

• Base rate raised to 0.5% at least, this is based on (very) recent growth, the way things are going with Brexit, inflation will happen based on the pound weakening, therefore imports increasing in price, Oil has just broken $60 for the first time in 2 years so fuel and heating will increase in price. This makes the housing market a bit more unstable meaning less house buying/moving, meaning less people seeking out mortgages making the industry have to work harder for customers so hopefully a more competitive market.
  
  

I could be horribly wrong in my speculation but I'm expecting the best rates to be around 0.25% higher this time next year.

I have no qualifications, I am not an expert, please seek qualified financial advice, also I would set up a spread sheet to play out the different scenario's.

I've used this one in the past.
http://www.locostfireblade.co.uk/spreadsheet/Index.html

You should hopefully be able to work out what kind of a move in interest rate would make moving your mortgage now rather than waiting it out.