Figures from the Council of Mortgage Lenders estimated that the number of repossessions during 2009 will jump by 67% to 75,000.
However, over the last six months The Co-operative Bank has only been involved in eight repossessions, (0.015% of its mortgage book), compared to 16 repossessions in the preceding six month period.
Terry Jordan, head of mortgages at The Co-operative Bank, says: “Our repossession figures as a proportion of our mortgage book are extremely low, when compared with the industry average.
“We are committed to helping people stay in their homes and we always view repossessions as a last resort. Our responsible approach to lending has also resulted in a strong mortgage book as we believe in only lending to people what they are able to afford.
“If any of our customers do face difficulties, we have a dedicated team of personal mortgage advisors able to give advice to customers on how to manage their finances and deal with any problems at the earliest stage.”