Mortgage update from Chelsea Building Society

2 May 2008

Chelsea Building Society has today taken the decision to temporarily withdraw its intermediary mortgage product range from close of business today until Friday 9 May. This decision has been made due to unprecedented demand for products, leading to a high volume of mortgage applications from intermediaries. Chelsea's commitment to the intermediary market remains strong with a desire to maintain a high quality of service.

The direct product range available through the branch network and direct mortgage sales department remain unaffected.

Intermediaries will be able to access a new product range from 9am on Friday 9 May 2008. Communication of the new product details will be issued via the usual channels in due course.

Jeremy Hicks, divisional director communications at Chelsea said, "Over recent weeks we have continued to receive a large level of business. We have made the decision to temporarily withdraw our mortgage range for intermediaries from the close of business on 2 May, so that service levels are maintained."

Chelsea is the fifth largest building society in the UK with assets of £13bn

For further information please contact:

• Susie Ratcliffe - Media Relations Officer on 01242 271332, mobile 07739 821356
• Vicki O'Connell - Media Relations Manager on 01242 271466, mobile 07774 169535
• Jeremy Hicks - Divisional Director Communications on 01242 271114, mobile 07831 149460