Get out of flying right now. Get earning some money ASAP - suggest manual labouring, £500 a week cash easily if you poke about a bit and don't tell the taxman. Get you IR in the Spring and attack the job market with renewed vigour.
Coffin corner is a good description of your current situation.
I have seen it many times and it is such a shame. My former CFI and someone to whom I aspired at one point has left aviation to become a Gas Fitter. Probably 4000hrs in his logbook but needs to earn proper money....
Good luck,
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