The association revealed that 628 properties were repossessed in 2012 as opposed to 827 during 2011.
Fiona Hoyle, head of consumer finance at the FLA, said: “2012 saw a further fall in the number of repossessions made by second-charge mortgage providers.
“We expect repossessions in 2013 to be at a similar level to last year.
“If customers are experiencing difficulties with meeting their repayments they should contact their lender to discuss the situation. As always repossession is a measure of last resort used only after all other measures have failed.”
