[Red Moon]

Mini Ha Ha

Katona could lose home but Mark's still spending

SKINT Kerry Katona is struggling to repay her £1MILLION mortgage and is sobbing to pals that she may lose her home.

But hubby Mark Croft—who she’s handed over control of her finances to—last week blew £20,000 of her dwindling cash on a Mini Cooper to add to their fleet of expensive motors.

The car-crazy cabbie even fitted it out with sporty extras so he could go RALLYING.

Meanwhile, the News of the World can reveal bankrupt alcoholic Kerry could face eviction if she fails to keep up her £5,000- a-month mortgage repayments.

The star—currently seen in the Iceland TV ads during I’m A Celebrity—told friends she could lose everything.

One said: “Kerry doesn’t know how on earth she is going to pay the bills. Two years ago she was raking in £2 million a year—but now she is barely earning a penny.

“If she doesn’t make the mortgage payments she will lose the house, it’s as simple as that. At the moment she’s keeping afloat and even continuing to pay Mark wages for looking after her finances and being her chauffeur.

“But instead of keeping it safe for their future he is just blowing it. He is like a kid, why would you buy yourself a Mini when your wife is in financial meltdown?

“She has already been declared bankrupt and now they could lose the roof from over their heads.”

Mum-of-four Kerry, 28, is set to lose her £250,000 Iceland ad deal following complaints from shoppers who saw her stumble through a TV chat on This Morning.

At first she denied drugs or booze were to blame—but later admitted she was battling an alcohol problem after we revealed she’d been on a binge the night before.

She has already lost a lucrative magazine column—and her £160,000 deal to film alongside Mark in fly-on-the-wall show Crazy In Love has also been shelved.

Worse still, ex-hubby Brian is fighting for custody of their daughters Molly, seven, and Lilly Sue, five, which would axe Kerry’s hefty maintenance payments. The star’s woes have been worsened by the credit crunch.

Just 16 months ago she could have sold her home and afforded to buy a more modest house outright. But now she is facing negative equity — where a property is worth less than what’s owed on it.

Kerry, declared bankrupt in August over an unpaid tax bill, bought the five-bedroom house at Wilmslow, Cheshire, in her name two years ago for £1,225,000.

Experts reckon within a year its sale price could dive so far it would leave her owing £5,000 just to pay off the mortgage.

Despite the crisis, 38-year-old Mark still seems intent on spending. Our source said: “It seems stupid to be splashing out on luxuries when your wife is in utter chaos.

“She has barely any savings left and once they’re gone she won’t be able to pay the mortgage.

“She has stripped off for a mag just to make some cash. But she can only do that a couple of times and the money won’t be enough to stop her from sinking.”

MARK CROFT was driving around in an elderly Vauxhall Vectra minicab worth £1,000 when he met Kerry.

But in the next two and a half years the couple splashed out £1.3MILLION on supercars and racy bikes. Many were soon off-loaded at hefty losses but so far Mark has had:

Two Range Rovers worth £100,000, two sporty BMWs (£80,000), a £30,000 Audi R8, two Ducati bikes at £11,000 each, four Porsche 911s (£330,000).

Two Mercs (£125,000), two Aston Martins (£220,00), a Lamborghini Gallardo (£135,000), a Ferrari 430 (£150,000), a £70,000 Porsche Cayenne and a £25,000 Chrysler Voyager to ferry the kids—later replaced by an £18,000 Kia Sedona. And now he’s got a £20,000 Mini rally car!

Source: News of the World

[Jackie]

5,000 a month wow thats a big morgage.

[30stone]

Got an amazing load of cars..