JC launches offset

John Charcol has launched a three-year tracker offset at base rate plus 0.19% and an APR of 5.6%.

Ray Boulger, senior technical manager at John Charcol, says: “The concept of offsetting is brilliant but until now they have always come at too high a price to be good value for most borrowers. This mortgage changes that with a rate only marginally higher than the best rate on a non-offset three-year tracker.”