TV presenter Kate Garraway has reportedly had no other choice to sell her second home as she battles with a £800,000 debt.
In 2024, Garraway revealed she was spending £16,000 a month on care for her husband Derek Draper before he died in January that year at the age of 56 after a lengthy battle with the long-term effects of Covid.
The Good Morning Britain (GMB) presenter said the cost of his basic care exceeded her ITV salary and did not factor in his therapies, the mortgage payments or other household expenses.
Garraway’s second property is located in North London and sold for £1.5 million, according to The Sun.
However, due to the flat being “heavily mortgaged” what she’ll get from it will cover little of her debt, the newspaper suggests.
The 58-year-old is said to have bought the flat as an investment but she was reportedly forced to sell it.
An insider reportedly 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.
“Like many people, she was keeping it as a financial safety net which she thought she wouldn't have to use so soon.”
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Garraway told ITV’s GMB in 2024: “I am ashamed of the fact I’m in debt. I have an incredible job that I love that’s very well paid.
“I’m not a carer travelling miles, paying their own transport to go and help somebody for minimum wage.
“I’m somebody that is very well paid and so I just feel a shame that I couldn’t make it work.”
Newsquest has approached Kate Garraway’s representatives for comment.
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