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The lender said it would not launch a new range until Friday 9 May.

All applications for its current range must be recieved by the close of business today.

In a statement to advisers the lender said: "Due to unprecedented demand for products, Chelsea has received a high volume of mortgage applications from intermediaries.

"This has resulted in service delays and in order to ensure that we continue to provide a high quality service to our intermediaries we have taken the decision to temporarily withdraw all intermediary mortgage products by close of business today.

"Our commitment to the intermediary market remains strong and we will be introducing new mortgage products for intermediaries on Friday 9 May.

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

"Applications on all products must be submitted by 5pm close of business today Friday 2 May to secure the rate."