Chelsea has withdrawn its intermediary product range after receiving a high volume of mortgage applications from brokers.

It said this has resulted in service delays and in order to ensure it continues to provide a high quality service to its intermediaries it has taken the decision to temporarily withdraw all of its intermediary products by close of business today.

In a statement to brokers, it said: “Our commitment to the intermediary market remains strong and we will be introducing new mortgage products for intermediaries on 9 th May.

“This will allow us to service the new mortgage business that is currently in the underwriting centres. We would like to apologise for the inconvenience caused during this period.”