UK's Royal Family Faces Scrutiny Over Prince Andrew's Subsidized London Home
A parliamentary committee is seeking clarification on Prince Andrew's low rent at Royal Lodge, a sprawling Windsor Great Park property that has been his home since 2003. The public accounts select committee (PAC), chaired by Conservative MP Geoffrey Clifton-Brown, has written to the Treasury and crown estate, requesting details on the lease and explanations for the £1-a-year "peppercorn" rent.
The royal family's financial dealings have long been subject to scrutiny, with many questioning why Prince Andrew, who is no longer a working royal, continues to live in such a lavish property. The PAC's inquiry has been prompted by fresh allegations against the prince, including those made in a posthumous memoir by Epstein survivor Virginia Giuffre.
According to reports, Prince Andrew paid just £1m for the 30-room property and has since spent an additional £7.5m on renovations. Despite paying this significant amount upfront, he is said to be paying "peppercorn" rent - a figure that is often used in leases as a technical necessity, rather than a genuine reflection of the property's value.
The PAC's letter highlights concerns over whether public funds were used to fund any work on the property and requests an unredacted copy of the lease. The committee also wants to know if the current tenancy remains the most suitable use of Royal Lodge in light of Prince Andrew's changed role and if the lease arrangements are achieving "best value for money."
Prince Andrew is reportedly in talks with King Charles's representatives about leaving the property voluntarily, although this could potentially lead to costly compensation for him. The Treasury and crown estate have yet to comment on the PAC's inquiry.
A parliamentary committee is seeking clarification on Prince Andrew's low rent at Royal Lodge, a sprawling Windsor Great Park property that has been his home since 2003. The public accounts select committee (PAC), chaired by Conservative MP Geoffrey Clifton-Brown, has written to the Treasury and crown estate, requesting details on the lease and explanations for the £1-a-year "peppercorn" rent.
The royal family's financial dealings have long been subject to scrutiny, with many questioning why Prince Andrew, who is no longer a working royal, continues to live in such a lavish property. The PAC's inquiry has been prompted by fresh allegations against the prince, including those made in a posthumous memoir by Epstein survivor Virginia Giuffre.
According to reports, Prince Andrew paid just £1m for the 30-room property and has since spent an additional £7.5m on renovations. Despite paying this significant amount upfront, he is said to be paying "peppercorn" rent - a figure that is often used in leases as a technical necessity, rather than a genuine reflection of the property's value.
The PAC's letter highlights concerns over whether public funds were used to fund any work on the property and requests an unredacted copy of the lease. The committee also wants to know if the current tenancy remains the most suitable use of Royal Lodge in light of Prince Andrew's changed role and if the lease arrangements are achieving "best value for money."
Prince Andrew is reportedly in talks with King Charles's representatives about leaving the property voluntarily, although this could potentially lead to costly compensation for him. The Treasury and crown estate have yet to comment on the PAC's inquiry.