The latest data from the Council of Mortgage Lenders (CML) shows a continuing decline in arrears and repossessions in the third quarter of 2015. The quarterly repossession and arrears rates are once again at their lowest levels since the CML's quarterly records began.

There were 2,500 properties taken into possession in the third quarter, the same number as in the second quarter, and 50% down on the 5,000 reported in the third quarter of 2014 (although caution is needed in making comparisons).