Why is Prince William staying at his £150,000 mansion?
A year ago, Prince William’s lavish £150-a-night mansion in London was in flames.
Now, the property is back in the spotlight, thanks to a new report that claims the prince is using the mansion to avoid paying back a £1 million loan.
The report by the charity Shelter, commissioned by the prince’s family charity, has found that Prince William has not paid back £1.1 million of his £200 million mortgage in the UK since 2008.
Its findings also raise questions over whether the royal has made the £150 million in loans clear to the Government, despite his pledge to not.
According to the charity, the Prince is in the process of paying £20 million of a £60 million loan which is still outstanding, despite an earlier promise that he would not do so.
However, he has not yet given the repayment notice, meaning the £10 million in debt still remains.
Shelter’s report said: “In 2015, when Prince William was first appointed to the role of Governor-General, he said: “I want to ensure that my interest is always with the British taxpayer and I want to make sure that I am getting the full value of the interest that I have given them.
“But I also want to be careful to make certain that it’s not going to become a burden on the taxpayer.”
The charity has been working to help Prince William through his many financial difficulties, with the aim of making him aware of the problems that lie ahead. “
Prince William has said that he will not make any loans that are not transparent, but the situation is that he is being required to make a decision about what is a transparent loan and what is not.”
The charity has been working to help Prince William through his many financial difficulties, with the aim of making him aware of the problems that lie ahead.
In 2016, the prince spent £7.5 million of public funds on a yacht, the Princess Elizabeth.
This year, he also spent £5 million on a private jet, the Duke and Duchess of Cambridge.
Sister Anne, the royal’s wife, has also made headlines recently, with her latest £20-million mansion, which was also set to go up for sale. “
As we’ve all learned from the past, the truth is that we’re all subject to public perception and we should all be very cautious of the way we deal with that.”
Sister Anne, the royal’s wife, has also made headlines recently, with her latest £20-million mansion, which was also set to go up for sale.
But in an interview with the New York Times on Sunday, she said: ‘We don’t want a lot of houses to be sitting on the market because it’s a bad investment, and that’s all there is to it.’
The Royal family’s mansion in Knightsbridge, London, is currently listed for £50 million.