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How can I fix my belt sander?

I have a Ferm bench top belt sander which seams to have stopped working. I noticed a slight electrical burning smell when I was using it and when I returned to use it again there was a humming sound and the motor was warm. I switched it off at the main immediately.
Do I give up on this and buy new?
David Lee, April 2021
link Click here to see other fixes for Ferm BSM1030.