Customers who have a mortgage with troubled bank Northern Rock should not be overly concerned about the nationalisation of the company, an expert has said.

Personal finance website Moneywise has said that mortgage holders are the 'least troubled' of people that have a link with the bank and that they should just consider other deals when their mortgage deal expires.

Rachel Lacey, editor of Moneywise magazine's website, moneywise.co.uk, pointed out that this is a strategy that is recommended for all borrowers anyway, so should not be a huge upheaval for Northern rock customers.

"For mortgage borrowers it shouldn’t be too much of a problem, it's just the case that when the time comes around for them to remortgage they need to shop around across the whole of the market," she said.

She went on to say that borrowers and savers are not the ones that need to worry about the bank's current situation and that it is shareholders that have shouldered the brunt of the problem.

In related news, Northern Rock shareholders have accused the government of 'rigging' the valuation of the bank, the Guardian reports.

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