Andrew Mountbatten Windsor faces losing the majority of his £558,000 compensation package after surrendering his lease on Royal Lodge, with extensive repair costs set to substantially reduce the final payout.
The former royal was entitled to the sum from the Crown Estate upon vacating the 30-room Windsor Great Park mansion, but deteriorating conditions at the property mean deductions will be made.
A royal source acknowledged there is "a lot of work that needs doing" to the residence, with repair expenses expected to significantly impact his compensation.
Despite the reduced payout, he will still receive a separate six-figure sum to cover relocation expenses upon leaving the property.
Andrew Mountbatten Windsor faces losing the majority of his £558,000 compensation package after surrendering his lease on Royal Lodge, with extensive repair costs set to substantially reduce the final payout.
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Financial arrangements reveal he will receive a one-time payment in the six-figure range for relocation costs, alongside an annual allowance funded personally by the King to avoid "overspending in his new life as a commoner".
The yearly sum will amount to several multiples of his £20,000 naval pension.
These payments will come from the monarch's personal resources rather than his Duchy of Lancaster revenue, which generates over £27 million annually.
The duchy comprises a historic collection of properties, land and investments held in trust for the reigning sovereign.
The financial support aims to facilitate his transition following his departure from the Windsor property where he resided for over two decades.
The former royal was also obligated to "paper polish decorate" and maintain the seven-bedroom residence.
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The 2003 leasehold arrangement required him to pay £1 million upfront, followed by annual rent of "one peppercorn" if requested.
Additional obligations included £7.5 million for renovations completed in 2005, with the agreement stipulating approximately £558,000 compensation should he relinquish the lease.
Maintenance requirements specified exterior repainting with dual coats every five years and interior redecoration every seven years, alongside stone cleaning and repointing duties.
The former royal was also obligated to "paper polish decorate" and maintain the seven-bedroom residence respectfully.
Current photographs reveal deteriorating paintwork on the Grade-II listed building's exterior walls, with the 1815 John Nash-designed property showing visible signs of neglect.
A timeline of Prince Andrew's demise.
|BBC/PA
Sources indicate compensation deductions will cover necessary restoration work.
His relocation to a more modest residence on the monarch's private Norfolk estate at Sandringham is scheduled for early next year, marking the conclusion of his withdrawal from royal life.
The move follows Thursday's decision by Charles to remove his brother's princely status and Duke of York designation, finalising his exclusion from public duties.
The monarch had persistently urged his younger sibling to vacate Royal Lodge, where he lived with former spouse Sarah Ferguson, though the 75-year lease signed in 2003 had provided strong legal protection.
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