The number of second-charge mortgage repossessions in the second quarter of 2016 was 40, down 40.3% on the same quarter in 2015, the Finance & Leasing Association (FLA) has revealed.

In comparison, there were 34 second charge repossessions in the first quarter.

Fiona Hoyle, head of consumer and mortgage finance at the FLA, said: “Second-charge mortgage providers continued to support customers in financial difficulty in the second quarter of 2016, while meeting the demands arising from the implementation of new systems following the market’s move to the FCA’s mortgage regime in late March.”