Kate Garraway 'sells second home for £1.5 million' after care debt struggle
Broadcaster Kate Garraway has reportedly sold her second home after being burdened with "excessive unpayable debt" due to caring for her late husband Derek Draper. It's understood she recently offloaded a London property for £1.5 million.
At 58, Kate has openly discussed the financial strain caused by looking after Derek, who passed away at the age of 56 last year. She is believed to have been grappling with debts as high as £800,000 for his care and has also been settling debts linked to his business Astra Aspera, which ceased operations in 2022, reports the Mirror.
Reports now indicate that Kate has parted with her second home, located in North London. This development follows rumours about her continuing role on Good Morning Britain amidst forthcoming changes at ITV.
The Sun claims that Kate owned a flat in North London, which fetched £1.5 million on the market, although it was "heavily mortgaged". A source mentioned that she had held onto the property as a "financial safety net".
The source conveyed to the publication: "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."
The Daily Mail has reported that the property, which is reportedly in the midst of being sold, was a three-bedroom townhouse located in North London. The publication claims it was previously available for rent at £6,750 per month before being put on the market.
The Mirror has gathered that the residence in question was indeed a house and not a flat, and it's understood that the property has already found a buyer.
Last year, there were worries that Kate might be forced to sell the home where she resides with her two children. However, The Mail indicates that this situation may have been circumvented by the sale of her second property.
Derek passed away in January of the previous year after battling health issues for some time, including an extended hospital stay during the Covid pandemic. Kate has openly discussed the financial burden of Derek's care following his hospitalisation.
For instance, in a documentary aired last year, she mentioned that the costs were "more than" her ITV salary. She pointed out: "Unlike the NHS, state-funded social care is only available to people with the highest needs and the lowest means."
Earlier this year, while reflecting on the hurdles she faced, she shared on Good Morning Britain: "One of the overriding ones until he went back into intensive care before he passed away, was dealing with the funding of care. At the time of his death, there were two appeals that hadn't been heard for funding.
"It kept on getting pushed back and pushed back. In the meantime, and I'm lucky I've got an incredible job which is well paid, I was having to fund the situation. Now I've got excessive unpayable debt because of it, and if I'm in that position, what else are people going to be?".
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