I'm doing some business coursework....and need some help please!
I have made a fictutious business and it requires a source of finance. I have opted for a bank loan. However should I go fixed or variable? If I go for variable then I am able to take advantage of any low interest rates in the future. However if I go fixed then I am not able to take advantages of lower interest rates and vice versa!
Its really difficult because I can't quite grasp whats going to happen to interest rates...
What are the predictions? And what signs (in today's market) indicates interest rates will rise or go lower in the UK? What do you guys think I should do with regards to choosing a type of loan?