You may be aware of news emerging today that Northern Rock has drawn on emergency funding available from the Bank of England. This is to ensure it can continue trading as normal.
The news has created a mood of uncertainty amongst some Northern Rock customers. However, experts say these developments should not be viewed as a crisis move and that all Northern Rock customers should continue as normal.
If you are concerned, either as a saver or as a mortgage customer, MoneyExpert.com advises you to avoid making quick decisions and to consider your options carefully. Exiting a mortgage early can be expensive. All savings are entirely secure and you can be confident that your mortgage deal is not in jeopardy.
If you need further information, we recommend contacting your local branch.