Latest figures from the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions in the third quarter of 2019 was 25.
This was 30.1% lower than in the third quarter of 2018.
The rate of second charge mortgage repossessions (as a percentage of outstanding agreements) was 0.06% in the 12 months to September 2019.
Geraldine Kilkelly, head of research and chief economist at the FLA, said: “The second charge mortgage market has reported lower levels of repossessions in each quarter so far in 2019. We expect the market to report a record low total for the year as a whole.
“As always, any customer worried about meeting payments should speak to their lender as soon as possible to find a solution.”