Unforeseen expenses

The situation After retiring from the National Health Service, Miss Knight thought that she would be in a reasonable position to lead a quiet and financially problem free life. Unfortunately, things didn't quite work out the way Miss Knight planned. Not only did she have to cope with an "interest only" mortgage on her property, she also had to make her retirement income stretch to cover an expensive bank loan. This had been taken out mainly to cover exceptional and unforeseen expenses, such as much needed repairs to her property, the replacement of some very old and dilapidated appliances...