Audit finds Prince Andrew profited from sublets at Royal Lodge
What's new: The watchdog could not determine how much Andrew earned, and lawmakers plan a 2026 inquiry into royal properties.
A British public spending watchdog found that Prince Andrew earned private income by subletting three cottages on the Royal Lodge estate while paying only a nominal “peppercorn rent” on the Windsor property. The National Audit Office report reviewed royal housing after scrutiny of Andrew’s finances and living arrangements intensified following his removal from public duties and titles. The report said it could not establish how much rent he collected from the cottages. It also found that Princess Beatrice and Princess Eugenie live in palace homes with rents paid from King Charles III’s private income, despite not being working royals. Parliament’s Public Accounts Committee is due to open an inquiry into royal properties in 2026.