The tracker is available up to 60% loan to value whilst the lender has also launched a 2-year fixed rate of 1.77% for up to 70% LTV.
Barclays is also 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, 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.
“Introducing these new rates and waiving the £150 product switching fee will benefit our customers and may help to ease the financial burden involved in buying and moving house.”
