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Audit Reveals Andrew Subletted Royal Lodge Properties

The watchdog said he earned undisclosed rental income while paying a nominal rent, raising fresh questions about royal property oversight.

  • A National Audit Office report reveals King Charles III uses his private Privy Purse income to cover rent for Princess Eugenie and Princess Beatrice, neither of whom are working members of the Royal Family.
  • Until this year, rental rates for Ivy Cottage and the St James's Palace apartment relied on outdated valuations from 2018 and 2020 rather than current market rates.
  • Current rental rates now sit at 64 per cent and 68 per cent of 2026 market valuations, despite both women owning multi-million-pound properties abroad, including Eugenie's $6.7 million mansion in Portugal.
  • Former Liberal Democrat minister Norman Baker branded the arrangements "outrageous," arguing non-working members of the Royal Family should not receive subsidies from the Duchy of Lancaster.
  • The NAO report notes the monarchy provides seven residences to 11 working members of the Royal Family, findings that raise fresh questions about the Windsor clan's broader financial arrangements.
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As members of the British royal family, ex-Prince Andrew and his daughters Beatrice and Eugenie lived in luxury for years - but the rental conditions of the York princesses and her father now create a tangible scandal.

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The Independent (US) broke the news in United States on Thursday, June 4, 2026.
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