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Kerry Katona having mortgage problems

Kerry Katona is reportedly facing possible eviction in the New Year after failing to keep up with mortgage repayments, according to a report in The Mirror today.

The star and her four children live in her £1.5 million home in the town of Wilmslow in Cheshire and apparently could be homeless following a repossession order presented to the former Atomic Kitten star.

29 year-old Kerry Katona has experienced a few troubles recently, not least of which was the loss of her Iceland marketing deal – worth a reported £290,000 – following a cocaine scandal. She has already been declared bankrupt after she lost her MTV TV show and failed to pay her tax bill. Following her win on I’m A Celebrity, deals to sign the star flooded in but according to a family pal speaking to The Sun Kerry has blown approximately £10 million in just five years.

As every homeowner in the UK should be aware, if you fail to meet your mortgage repayments then your home could be at risk and a good mortgage advisor will advise you of this when you apply for a mortgage. Mortgage lenders will want to ensure that you can afford your mortgage when you apply and following the credit crunch crisis their application criteria has tightened.

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