As the United Kingdom's loan rates increase to 5.5%, which is their highest level since April 2001, there's been a great deal of concern about the millions that own homes that could now find that they are over stretched and have to remortgage in order to handle their monthly repayments and affordability pressures.

The specialists at Experian advise that bad debt could easily rise as a result of this environment, as pressures to afford payments grow and customers find that they're stretched financially, leading to a possible growth in IVAs and mortgage repossession as families begin falling into arrears on secured mortgage loans.

The Council of Mortgage Lenders has estimated that a 0.25% rise in rates would most likely force the mortgage repayments on a 140,000 pound loan with term of 25 years at 5.48% up by 21 pounds per month and interest-only capital mortgage repayments on the same loan up 29 pounds a month.

It's clear that increasing capital mortgage rates will add to financial demand on borrowers affordability and could potentially force some homeowners into mortgage arrears as they work to handle their credit and debt responsibilities each month.

Enable Finance specialises in assisting families in these kinds of circumstances and even offer a bad credit remortgage in the event they have fallen overdue with mortgage repayments or have ended up with a CCJ or default.

Enable Finance Ltd. is catered for borrowers who have credit that is outside standard lending criteria - for example; negative credit; self cert mortgage; inconsistent income patterns and court judgments. Enable Finance is regulated by the Financial Services Authority (or the FSA). It's a member of the Finance Industry Standards Association and the National Association of Commercial Finance Brokers.