Michelle Keegan, the former Coronation Street actress, has loaned her husband £800,000 to help him snap up a seven-bedroom mansion in Chigwell.
Ex-TOWIE star Mark Wright is the owner of Chigwell Properties, which buys up houses in Essex and develops them for profit.
He borrowed an initial £707,595 from his wife three years ago to buy a luxury property in Chigwell going for £1,095,000.
He then won planning permission from the council to turn it into four terraced houses – each with three floors and four en-suite bedrooms.
The property company repaid Michelle’s loan with 4% interest, according to official documents seen by the Mirror.
However, Mark has reportedly been struggling to sell the first of the four homes, which was on the market for £1,295,000 and was then reduced to £1,195,000.
He is now eyeing up another huge home in Chigwell with seven bedrooms, a heated swimming pool, a separate annex and CCTV throughout the grounds, which Michelle’s second six-figure cash injection will help to fund. The property was last bought in 2007 for £975,000.
In total, Michelle Keegan, 31, has now funnelled £1.5 million into Mark’s business, while his sister Jessica Wright lent him £58,500 in September 2015.
According to the Mirror, the new documents filed with Companies House state that Michelle must be consulted and give her permission for any alterations or extensions made to the property.
She’ll also be charging 3% above the bank’s base interest rate on her £800,000 loan.
Chigwell Properties’ assets were valued at £1,137,070 in 2017, up from £568,165 in 2016.
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