London, UK – June 11, 2025, 07:11 AM BST – In an exclusive revelation, former This Morning presenter Phillip Schofield has been forced to sell his house and several properties in London, a move driven by financial pressures that has left millions of viewers regretful over the dramatic fall of a once-beloved TV icon. The 63-year-old, who stepped away from ITV in May 2023 after admitting to an “unwise but not illegal” affair with a younger colleague, has parted with his £1.2 million south London penthouse and is reportedly liquidating other assets, including his £2 million Chiswick bachelor pad, amid mounting legal and personal costs.
Sources close to Schofield indicate that the sales stem from significant financial strain following his exit from television. After losing his ITV contract and facing legal battles over the affair scandal—including a reported £1 million in legal fees and settlements—the presenter’s income has dwindled, with his Channel 5 Cast Away series failing to restore his earnings. “He’s had to sell to cover debts and secure his family’s future,” a source told us, adding that the Cornwall holiday home, co-owned with his estranged wife Stephanie Lowe, may also be on the market. The south London flat, where Schofield once hosted secret trysts, was sold earlier this year after a price drop from £1.2 million to £1 million, signaling urgency.
The news has sparked widespread regret among fans who once adored Schofield’s on-screen charm alongside Holly Willoughby. Social media posts found on X reflect a wave of nostalgia and sorrow, with comments like “Phillip selling his homes breaks my heart—he didn’t deserve this end” and “We miss the old Phil—regret is all I feel.” Viewers lament the loss of his 20-year tenure on This Morning, where he was a household name, with many attributing his downfall to the scandal’s harsh public and industry backlash. The sales mark a stark contrast to his £10.2 million net worth peak, as reported in 2022, fueling a sense of regret for a career cut short.
Schofield, who has remained largely out of the public eye since his 2024 Cast Away appearance, has not commented on the sales. His retreat to a quieter life, possibly in Portugal, underscores the personal toll, with fans mourning the end of an era. As properties tied to his past success change hands, the regret among millions highlights a bittersweet chapter in British television history.