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Kate Garraway helped by pals to loan new car as she struggles with £1.6m debts

02 June 2024 , 09:12
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Kate Garraway helped by pals to loan new car as she struggles with £1.6m debts
Kate Garraway helped by pals to loan new car as she struggles with £1.6m debts

Good Morning Britain host Kate Garraway has had help from friends to loan a new car as she deals with £1.65m worth of debt.

The 57-year-old is treating herself to a much-deserved break away with her family after her "amazing" pals helped her to loan a brand new car. She took to Instagram to share a video of her and her dad packing the new Volvo up, before they all head down to Cornwall for a family holiday.

Kate captioned the clip: "We haven’t had a car since Vickie Volvo was stolen and Percy Peugeot had to go back but thanks to some amazing friends who’ve helped me loan a brand new @volvocaruk C90 - I absolutely love it!!!!! Not an advert just a passion! Feels like old times with hands on an @volvocars wheel, although bitter sweet as this would have been the perfect car to carry Derek in and out of with plenty of room for a hoist and wheelchair in the back. But I know he would approve and it’s come just in time to take my mum and Dad away on our annual Cornwall trip with ALL the Garraways!"

Kate Garraway helped by pals to loan new car as she struggles with £1.6m debts eidekiqtiqrtprwKate's husband Derek Draper passed away after suffering a heart attack (ITV)

Kate joked that her dad was nervous about her driving but glad the car alerts them when "near an obstacle". She closed by telling her followers she needed to find a name for the new motor, before wishing everyone a good Saturday.

After her husband Derek Draper passed away, not only has Kate had to deal with emotional turmoil she's been left in, there has also been a financial toll for the grieving widow.

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Although she receives a lucrative salary from ITV, the cost of Derek's care over the last few years was more than her wages, while she was still dealing with regular bills and mortgage payments.

This week, the GMB host has opened up about her struggles with money, admitting she had fallen into debt after needing to pay £16,000 a month for Derek's 24-hour care and support, while still needing to do much of it herself.

But things went from bad to worse for Kate, who was then hit with a £150,000 bill when she closed Derek's business, Asta Aspera. She then had a £32,000 flat fee on top of 40 per cent of assets recovered from the psychotherapeutic business, according to The Sun. Derek's firm was eventually shut down with £184,096.96 of debt.

As well as the costs for the business, Derek's director's loan stands at £112,836 following his death in January. Struggling to deal with the issues, a source told the Mirror that Kate sought help from financial experts Hacker Young.

They said: "Kate has made no secret of her financial issues which include Derek's medical care bills and the collapse of his company. She is now getting the help she needs to help with the tax bill."

Amelia Ward

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