Katie Price might have to sell her mansion to cover her debts

katie price

by Sophie Bronstein |
Published on

The model and mum-of-five is apparently almost having to sell her house to cover her debts

40-year-old Katie Price is said to be experiencing such bad debt, that she will soon have to sadly sell her family home in Horsham to cover it.

She is currently going through an expensive divorce with ex-partner Kieran Hayler, who she has two children with, and is dealing with the employment tribunal costs over her case against her former nanny.

Apparently, court costs teamed with the costs of maintaining the property have become too much for Katie to handle and she is left with no alternative but to sell her house.

The home allegedly costs in excess of £10,000 a month to upkeep, which was originally bought for £1.3million back in 2010.

A source told the Daily Star: "Katie's having to sell her home to recover money. It's as simple as that. I don't know how much change she'll see from the sale of the property as there's charges on it, plus tax owed.

Katie also recently confessed to setting up paparazzi shots for money and to control how she's portrayed in the media.

She said: "These days, back in the day, no, but these days a lot of people do set up the pictures as they'll get rid of the paps that will try and intrude on you. It gives you a bit of control."

Katie recently set up some saucy snaps with new boyfriend Kris Boyson, for which she would have reportedly received thousands for.

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