Northern Rock expect repayment problems

Mortgage providers Northern Rock believe that many of their customers will experience repayment problems over the coming months after it was revealed they will significantly increase the number of staff on their debt management teams.

In a document that was leaked to the BBC, the troubled company expect to have a 444 strong debt management team by March 2009, with only 176 currently employed for this purpose.

Although not confirmed, it is expected that the reason for the increase is mainly due to mortgage problems.