The bank has also lowered its two-year fixed rate, at 70% LTV, from 1.79% to 1.77% exclusively for remortgage borrowers. Both products have an application fee of £999.
Barclays is extending the end dates for all residential and buy-to-let fixed rate products by three months allowing customers to benefit from their current rate for this additional period of time.
Andy Gray (pictured), managing director of mortgages for Barclays, said: “Christmas can often be an expensive time of year and the changes we are making are designed to help customers save money, whether they are homebuyers or homemovers.”