The number of people having their homes repossessed fell last year to the lowest level since 2007, according to a report.
The Council of Mortgage Lenders (CML) said 28,900 mortgages resulted in repossession in 2013.
This represented a drop from 33,900 in the preceding year and is the lowest number of people losing their homes in this way reported since 2007.
The peak in this period for repossessions was 48,000 in 2009.
The CML claim a combination of low interest rates, relatively strong employment and improved lender practices are the key drivers behind this drop in repossessions.
Paul Smee, CML director general, said: “Mortgage arrears and repossessions continue to fall, with low interest rates, relatively strong employment, and lender practices all combining to keep most people in their homes even if problems arise.
“Lenders recognise that temporary changes to circumstances can knock households off track – we only need to look at the experiences of those households affected by flooding right now to realise that life can contain unpleasant and unforeseen shocks.â€
The downwards trend in repossessions has been matched by a downwards trend in the number of people in arrears on their mortgage.
The number of people in arrears of 2.5% of their loan balance, i.e. Â£2.5000 on a Â£100,000 loan was 1.29% at the end of 2013, as opposed to 1.40% at the end of 2012.