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Secured loans
could well provide people with peace of mind in terms of their pet's health, following comments from a number of industry commentators.

At a roundtable discussion hosted by Sainsbury's Finance, Philip Anderson, executive director of Citigate Dewe Rogerson, explains that a number of advances have been made in animal health.

These, he suggests, could result in rises in veterinary bills and, in turn, increase the importance of taking out a pet insurance policy.

"Vets tend to be five to ten years behind human medicine, but we can now offer kidney transplants for cats so there will be lots more we can do for animals in the future therefore the cost will be likely to go up," Mr Anderson concludes.

People eager to keep their animals in the best shape possible could find that their finances become stretched and secured loans may well provide them with a means to keep their pet healthy.