Kevin Mountford, head of savings at price comparison site moneysupermarket.com, said that consumers had been given little in the way of reassurance as the saga has played itself out.
"There is likely to be much outcry from the Rock's shareholders, for whom the best offer will be via some form of compensation payment, but retail customers are unlikely to see much change from this change of ownership, at least in the short-term," he said.
Mountford added that the new management team will be keen to retain retail funds but also embark on a drive to attract more - pointing towards saving incentives.
Interestingly however, Jonathan Cornell, MD of Hamptons Mortgages, drew attention to the time it took for Chancellor Alistair Darling to commit to nationalisation.
He said: "What I am most surprised about is that it has taken nearly five months for the Chancellor to make his decision - it appears he was somewhat optimistic expecting a lucrative private sector deal.
"Within the mortgage market, the reverberations will be huge. Having said this, I believe that nationalisation is the most prudent way of attempting to rectify the bank’s situation and I feel that in time, Northern Rock will be restored to a profitable status."
Former Abbey and Lloyds of London boss Ron Sandler had been waiting in the wings after being lined up as executive chairman of the bank in the event of nationalisation.
Prior to these appointments however Sandler was President of the Chartered Institute of Bankers, now known as the ifs School of Finance.
Current head of public affairs at ifs, Phil Hall said he believed Sandler will "succeed where others have failed," adding that Sandler had proven experience of taking on tough jobs and succeeding in his goals.
The action was taken following a rejection of both Virgin and Northern Rock's revised proposals on the grounds that the taxpayer would not receive 'sufficient value for money.'
Trading in Northern Rock shares has subsequently been suspended. The underlying impact on the mortgage market will however take a while longer to surface.
The Conservative party has always been very vocal on the issue, stressing that nationalisation is not the answer for the stricken lender, with shadow chancellor George Osbourne calling the plans 'catastrophic.'
