Kate Garraway's 'amazing' pals loan her new car amid crippling £1.6million debts

-Credit: (Image: Instagram/Getty)

Good Morning Britain presenter Kate Garraway has been lent a new car by pals as she grapples with £1.65m in debt.

The ITV host is taking a well-earned break with her family after her "amazing" friends helped her to borrow a brand new car. She posted a video on Instagram of her and her dad loading up the new Volvo, before setting off for a family holiday in Cornwall.

Kate captioned the video: "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!"

The GMB star then joked that her dad was nervous about her driving but glad the car alerts them when "near an obstacle". She ended by telling her followers she needed to find a name for the car, before wishing everyone a good Saturday, the Mirror reports.

Kate Garraway
Kate Garraway's husband Derek died earlier this year -Credit:Dave Benett/Getty Images

After the death of her husband Derek Draper, Kate has not only had to cope with the emotional upheaval, but also the financial burden. Despite earning a generous salary from ITV, the expense of Derek's care for the past few years exceeded her income as she continued to juggle regular household bills and mortgage payments.

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Kate has been candid this week about her financial struggles, confessing that dealing with numerous bills led her into debt. Included in these expenses was Derek's 24-hour care, costing £16,000 each month, while she also provided a significant amount of care herself.

Kate's financial woes were aggravated after shutting down Derek's company, Asta Aspera, which resulted in a bill of £150,000. Additionally, a flat fee of £32,000 on top of 40% of assets recovered from the psychotherapeutic business, piled onto her money worries, according to a report in The Sun. The debt at the time of Derek's company closure stood at an overwhelming £184,096.96.

Besides the hefty costs associated with the company, a director's loan in Derek's name had reached £112,836 by the time of his passing in January. Caught in a difficult place financially, a source revealed to the Mirror that Kate turned to finance professionals Hacker Young for assistance.

The source shared: "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."

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