Latest data from the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions fell 49.6% in Q2 2015, compared with the same period last year.
There were 67 second charge mortgage repossessions in total during the quarter.
2014 saw 447 repossessions in total.
Fiona Hoyle, head of consumer finance at the FLA, said: “The further decrease in repossessions reflects second charge mortgage lenders’ commitment to helping customers in financial difficulty.”