1stUKMortgages.co.uk Announces an Anticipated Increase in Mortgage Arrears

London, Wandsworth -- (ReleaseWire) -- 12/17/2014 -- The Bank of England recently announced that approximately 500,000 families are facing mortgage arrears now that interest rates are rising from the .5 percent emergency level. Although the bank does state that home loan arrears shouldn't reach levels seen in the early 1990s, individuals worried about falling behind on their mortgage need to take action now. 1st UK Mortgages (http://www.1stukmortgages.co.uk/) offers financial products designed for those with bad credit, those looking to buy to let, and individuals who are self employed and find it difficult to obtain a traditional mortgage loan.