heres one of my rear arches after a clean up, mark on here where yours is rotten so we can see where you mean exactly.
lower rear inner arch rot
the lower front inner arch rot
rot nearly all cut out
the nearly finished article
cant find the pics of the underside after welding and plating, will have a good look later, see if they turn up
its not too big a job for a bodyshop to be honest, pop down to your local place and show them, see what you're looking at paying.