Kate Garraway has reportedly been dealt a devastating blow amid her recent financial woes
Kate Garraway ‘forced’ to sell home (Image: GETTY)
Kate Garraway has been open up about her financial problems saying she has debt between £600,000 and £800,000. The Good Morning Britain presenter has reportedly been forced to sell her second home amid her current debt battle. The 58-year-old is claimed to have had no choice but to sell the flat despite her intention of wanting to keep it as a “financial safety net”. The mum-of-two was faced with the daunting prospect of paying back the huge sum following husband Derek’s death from covid-related illness early last year.
Kate is claimed to have wanted the property to be a long-term investment that she could turn to over the coming decade but had no choice but to sell it. The property in North London recently sold for £1.5m – but according to reports was heavily mortgaged. A source told The Sun: “Kate takes paying off the debts very seriously and she’s always said she’d go to any lengths to achieve that. This is just part of that commitment, even if it does mean she’s had to lose the flat which she actually purchased years ago before meeting Derek and before they bought a family home together.”
Kate Garraway has been open about her caring costs for Derek (Image: Getty)
They added: “Like many people, she was keeping it as a financial safety net which she thought she wouldn’t have to use so soon.”
Express.co.uk has contacted Kate Garraway’s representatives for comment.
The news comes after Kate’s husband’s death last year following a lengthy battle in and out of hospital.
Derek died last year – aged just 56 – after being crippled by an extreme case of long Covid after he caught the disease in March 2020.
Kate Garraway pictured with her late husband Derek (bottom left) (Image: Getty)
The cost of caring for Derek over his four year health battle saw Kate’s bills run into the hundreds and thousands of pounds.
Kate has claimed the £16,000 monthly cost of her late husband’s care was more than her salary from ITV.
In January last year, the Mail on Sunday reported that Kate was faced with having to sell her five-bedroom family home.
One source said at the time: “It is so sad for Kate. Not only has she had to watch her beloved husband suffer for almost four years but her financial worries have never been far away from her thoughts.
“It has cost hundreds of thousands of pounds to look after Derek and do everything she could to get him better but it’s left her struggling.
“The house is about all she has left financially and she is now facing up to the fact it might have to be sold.”
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