£51m in mortgage drawdowns for Prudential

Prudential\'s UK insurance operations has reported £51m in mortgage drawdowns during Q1 2008.

Its Interim Management Statement says that Prudential’s lifetime mortgage sales continued their upward trend.

It says the level of mortgage drawdowns were up 50% on Q1 last year.

It adds: “Performance in Q1 was underpinned by continued strong sales through intermediaries, which were up 43% to £33m, complemented by sales through Prudential’s face-to-face specialist consultants increasing by 61% over the same period.”