US EditionKate Garraway sells investment property to help pay off £800,000 debt
NORTH LONDON, JUL 31 – Kate Garraway sold her second North London property for £1.5 million to address £800,000 debt from care costs and company liabilities, with care spending exceeding her salary.
- Kate Garraway sold her three-bedroom North London investment flat in 2024 to help manage debt related to her late husband Derek Draper's care.
- The debt arose from Derek Draper's prolonged health issues, with Garraway spending £16,000 monthly on care until his death in January 2024.
- The flat, which was heavily mortgaged and rented out for £6,750 per month, sold for £1.5 million, though this covers only a fraction of her estimated £800,000 debt.
- Garraway admitted that she is now burdened with overwhelming debt that she cannot repay, and questioned how others in similar situations manage financially.
- She has committed to repaying her debts and accepted losing her flat, which she purchased years before meeting Derek and starting their family home together.
Insights by Ground AI
Does this summary seem wrong?
15 Articles
15 Articles
Coverage Details
Total News Sources15
Leaning Left2Leaning Right3Center9Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
14%
C 64%
R 21%
Factuality
To view factuality data please Upgrade to Premium
