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Kate Garraway Sells Second Home to Offset £800,000 Care Debt

Her second home sale aims to chip away at care-related liabilities with negotiations ongoing with HMRC over a revised tax claim.

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Overview

  • She sold her heavily mortgaged North London property for about £1.5 million to address roughly £800,000 in debts related to her late husband’s care.
  • The majority of her debts stem from £16,000-per-month private nursing and therapy costs for Derek Draper during his four-year long Covid battle.
  • Net proceeds from the sale cover only a small portion of her liabilities, leaving significant debt still to be settled.
  • Astra Aspera Ltd’s liquidation has prompted an HMRC preferential claim now reduced to £288,054, which Garraway is actively disputing.
  • Her high-profile campaign and ITV documentary have spotlighted funding gaps in UK social care and the financial strains on unpaid carers.