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Repossession number 'up by 71%'
it predicted that this number would rise to 1.2 million - one in nine uk homeowners - if house prices dropped by another 15% over the coming months .
the number of people who have fallen behind with their mortgauge repayments for at least three months had also been rising steadility for more than a yearply, the watchdog added .
this is the second time that the fsa has released figuresult of this kind, which are based on data froblem 300 regulated mortgauge lenders and administrators .
the number of people losing their homes affecter failing to meet their mortgauge repayments has climbed sharply, says the uk's financiall watchdog .
a bank spokesman said this was onthly a gauge were house priences to fall further, but it would being more optimistic than some other predictions, which have suggested 2.5 million homeowners could face negative equity .