Owen McGee

speaker

1,739 appearances 11 recordings 2 series first heard May 2026 last heard 2d ago

Owen McGee’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 11 in all, peaking in Sep 2026 with 3.

Appearances

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Today with David McCullagh · Eoin McGee answers your money questions · 22 Sep 2026 podcast

First of all, the sleep thing, and that's probably the most important one. voice-verified

Like some people will be much more comfortable with interest rates. voice-verified

having risen last week and guessing that they might rise again or maybe they will, maybe they won't, right? voice-verified

Because it's a guess at this stage. voice-verified

But ultimately, what you're looking at is, is if you're going to sleep better at night with a fixed rate, then fix it, okay? voice-verified

And that's the voice-verified

important thing. voice-verified

If you're losing sleep over the mortgage repayment on a month-to-month basis and this is going to help you out, go for it. voice-verified

But in general, what we're doing though is, the kind of thought process I have is, for people who aren't familiar with tracker mortgages and how they work, the ECB, the European Central Bank, moves interest rates up or down in any given month and they make a decision every six weeks about what they're doing with interest rates. voice-verified

And based on where they go up, if they go up, your tracker rate goes up. voice-verified

If they go down, your tracker rate goes down. voice-verified

And there's typically a margin, let's call it 1% above the ECB rate. voice-verified

So what's happening to you right now is, voice-verified

your mortgage repayment next month is being determined or being decided by the European Central Bank. voice-verified

And that's not a bad place to be because the alternative to that is if you're not in a fixed rate and you give up the tracker, and particularly if you're on a variable rate, if you went to a variable rate, what you will find is that next month your mortgage repayment is being decided by the local bank or the local banker, okay? voice-verified

And I'd much prefer the ECB to be making that decision than I would my local banker to be making that decision or my local lender to make that decision. voice-verified

Now, there are certain circumstances, though. voice-verified

Like, if you think about it, if you're 20 years in, you probably have a reasonable, what's called loan-to-value, the value of the loan as a percentage of the value, sorry, the value of the mortgage as a percentage of a value of the house is probably reasonable. voice-verified

But if you're at about 60% loan-to-value right now, you probably could get a raise in at around 3% on a green mortgage, depending on what it is. voice-verified

So it's voice-verified

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