HARRY UP
Jobless Meghan Markle and Prince Harry must ‘start making money quickly’ to pay £417,000-a-year mortgage on new home
JOBLESS Meghan Markle and Prince Harry must “start making money quickly” to pay off their bills of more than £500,000 a year.
The Duke and Duchess of Sussex spent £11.2million on the nine-bed house.
⚠️ Read our Meghan and Harry blog for the latest news on the Royal couple.
6
6
They paid a deposit of £3.8million to City National Bank leaving a £7.4million mortgage over 30 years at £34,750 a month — or a huge £417,000 a year.
The Sussexes would have had to convince the lender they had the funds for repayment, despite neither having a steady wage.
They also face a £52,000-a-year property tax for homes worth £7.64million-plus in Santa Barbara.
Utility and staffing bills could run into hundreds of thousands while the couple say they will privately fund their £5million-a-year security arrangements.
They are also paying back £18,000 a month to the taxpayer for £2.4million renovations on Frogmore Cottage, Windsor.
Most read in News
Royal finance expert David McClure said: “I am surprised they can afford it all. They must start making money quickly.”
Harry is reliant on £6.5million from his mum’s will and £4million from the Queen Mother.
The Prince of Wales is largely funding the couple’s new life in the States.
6
6
6
6
GOT a story? RING The Sun on 0207 782 4104 or WHATSAPP on 07423720250 or EMAIL [email protected]
Topics